JSW MG Motor India (JSW MG) will launch four new models in 2026 and plans to invest Rs 30 bn to Rs 40 bn in the country over the next couple of years. The new line up will include a plug in hybrid, an electric vehicle, the Majestor sport utility vehicle and one further model that has not been disclosed. Management said funding options will be examined and that close shareholder engagement enables faster decision making.

On February 12 the company showcased the MG Majestor, positioned as a D plus sport utility vehicle, after its first display at the Bharat Mobility Global Expo 2025, and pre bookings have opened with prices to be announced nearer the April launch. The Majestor will offer four by four capability and will compete with the Toyota Fortuner, Jeep Meridian, Skoda Kodiaq and Nissan X Trail. The wider model set aims to address diverse customer preferences across segments.

JSW MG is a joint venture between JSW Group and SAIC Motor, with SAIC holding 49 per cent and JSW Group owning 35 per cent. The remaining 16 per cent is held by Indian stakeholders, including financial institutions with eight per cent, dealers with three per cent and employees with five per cent. Executives said technical licensing agreements are rising, particularly with Chinese component makers, and that deeper localisation is intended to reduce exposure to global supply chain and shipping disruptions.

On electric vehicles the management acknowledged that penetration moderated after GST rationalisation in September last year made petrol and diesel cars relatively cheaper, but maintained that the long term economics of EV ownership remain compelling due to lower operating costs and fuel savings. They rejected the view that demand is confined to metropolitan centres and noted adoption in tier two and tier three towns, with some smaller markets showing higher penetration than the national average. The company expects that more EV and hybrid launches will broaden choices and support recovery over time.