30/4/2025, 3:21:02 pm

JSW MG Motors set to raise $350 million from private equity investors

JSW MG Motor aims to raise ₹2,500-2,980 crore ($300-350 million) from PE funds and sovereign wealth entities to expand manufacturing and its vehicle lineup. The company, part of a $1.5 billion JV with SAIC, saw its EV sales reach 50% of total sales in 2024, with the Windsor EV crossing 20,000 units sold in six months.