JSW MG Motor India Reports 19% Year-on-Year Growth in March 2026

JSW MG Motor India sold 6,528 wholesale units in March 2026, a 19% increase over the same month last year, as the Gurugram-based automaker simultaneously announced price hikes across its portfolio effective April 1, 2026.

Sales were distributed across the company's Internal Combustion Engine (ICE) and New Energy Vehicle (NEV) lineups. Prices on the standard MG portfolio will rise by up to 2%, with the premium MG SELECT range — which includes flagship models such as the MG Cyberster and MG M9 — seeing increases of up to 7%. The company attributed the adjustment to rising input costs. All changes are subject to terms and conditions.

Trend in Context

March 2026's numbers need to be read against a sharply different base. In March 2025, JSW MG Motor India sold 5,500 units — itself a 9% year-on-year rise over the 5,050 units sold in March 2024. March 2025 was notable for another reason: over 85% of sales came from electric vehicles, including the Comet, ZS EV, and Windsor models, with the Windsor posting its highest-ever monthly sales since launch and, at that point, outselling the Tata Nexon EV to become India's highest-selling electric vehicle.

March 2026's 6,528 units, therefore, represents growth on an already elevated base — a sign that momentum has held even as the comparison period became more demanding. By contrast, February 2026 saw 4,957 units with a 24% year-on-year increase, suggesting March's slightly lower percentage growth reflects base effects rather than a demand slowdown.

EV Push

The company's EV focus has been consistent over the past 18 months. In December 2024, EVs accounted for over 70% of total monthly sales, with the Windsor alone contributing 3,785 units. The company has also introduced a Battery-as-a-Service (BaaS) plan, launched in September 2024, which allows consumers to rent batteries at ₹3.5 per kilometre, reducing upfront ownership costs.

On the financial side, JSW MG Motor India has been narrowing losses. In FY24, net loss came in at ₹586 crore, down from ₹826 crore in FY23 — its lowest in five years — while revenue grew 4.64% to ₹7,990 crore. Cumulative losses over the past five years stand at approximately ₹3,000 crore.

To address capacity constraints as volumes grow, the company has announced a ₹5,000 crore investment to expand production, including a second manufacturing plant in Gujarat. The plan targets increasing annual capacity from over 100,000 units to over 300,000 units. New models — including electric vehicles — are planned at intervals of three to six months.

JSW MG Motor India was formed in 2023 as a joint venture between JSW Group and SAIC Motor, and currently manufactures vehicles at its Halol, Gujarat facility.