JSW MG Motor India Reports 19% Sales Growth in March 2026, Announces Price Hike

JSW MG Motor India recorded 6,528 wholesale unit sales in March 2026, marking a 19% increase compared to March 2025. The company also announced price hikes of up to 7% on select models, effective April 1, 2026. The automaker attributed the price adjustments to rising input costs. The new prices will see the standard MG portfolio increase by up to 2%, while the premium MG SELECT range, including the MG Cyberster and MG M9, will rise by up to 7%.

Sales Summary

Key Highlights

• JSW MG Motor India sold 6,528 units in March 2026 a 19 percent year-on-year increase
• Price hikes of up to 7 percent on select models effective April 1 2026 due to input costs
• Over 85 percent of March 2025 sales were electric vehicles with Windsor leading the segment
• Company reported FY24 net loss of ₹586 crore with revenue rising 4.64 percent to ₹7,990 crore
• ₹5,000 crore investment announced to expand annual production capacity to over 300,000 units

Sales Performance and Market Context

March 2026 sales were distributed across both Internal Combustion Engine (ICE) and New Energy Vehicle (NEV) lineups. The 6,528 units sold represent growth on an already high base. In March 2025, the company sold 5,500 units, which was a 9% rise over the 5,050 units sold in March 2024. March 2025 was notable for electric vehicles, which made up over 85% of sales, including models like the Comet, ZS EV, and Windsor. The Windsor achieved its highest-ever monthly sales and became India's top-selling electric vehicle, surpassing the Tata Nexon EV.

In February 2026, JSW MG Motor India sold 4,957 units, reflecting a 24% year-on-year increase. The lower percentage growth in March 2026 is attributed to a higher base rather than reduced demand. The company has maintained a strong focus on electric vehicles for the past 18 months. In December 2024, EVs accounted for over 70% of monthly sales, with the Windsor contributing 3,785 units.

Business Initiatives and Financials

JSW MG Motor India introduced a Battery-as-a-Service (BaaS) plan in September 2024. This plan allows consumers to rent batteries at ₹3.5 per kilometre, reducing upfront ownership costs. On the financial front, the company reported a net loss of ₹586 crore in FY24, down from ₹826 crore in FY23. This marks the lowest loss in five years. Revenue for FY24 grew by 4.64% to ₹7,990 crore. Cumulative losses over the past five years are approximately ₹3,000 crore.

To address growing demand, the company has announced a ₹5,000 crore investment to expand production capacity. This includes a second manufacturing plant in Gujarat. The expansion aims to increase annual capacity from over 100,000 units to more than 300,000 units. JSW MG Motor India plans to launch new models, including electric vehicles, every three to six months. The company was established in 2023 as a joint venture between JSW Group and SAIC Motor. Its manufacturing operations are based in Halol, Gujarat.