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JSW MG Motor India has crossed the landmark of 100,000 electric vehicle sales, becoming India’s second four-wheeler EV manufacturer to achieve this milestone. The company’s market share rose from 26% in 2024 to 35%, reflecting its growing dominance in the fast-evolving EV landscape.
India’s electric vehicle market is witnessing strong momentum — passenger EV sales surged 75% year-on-year in the first quarter of FY2026, raising market penetration from 2% to 3.5%. In 2024, EVs accounted for about 2.5% of total car sales in the country, with the government targeting a 30% share by 2030.
Anurag Mehrotra, Managing Director of JSW MG Motor India, said, “Crossing the 100,000 EV sales milestone reflects the trust Indian customers place in a sustainable future. We remain committed to driving India’s vision of innovative and clean mobility solutions.”
MG Motor’s electric models continue to perform strongly, contributing over 70% to the company’s overall monthly sales. Its EV portfolio caters to a wide range of consumers, from everyday city commuters to premium segment buyers.
In the four-wheeler passenger EV space, Tata Motors continues to lead the market, while MG Motor has increased its share from 13% in 2023 to 25% in 2024. The segment as a whole grew by 53% year-on-year.
To accelerate EV adoption, JSW MG Motor India has launched several ecosystem initiatives, including ‘EV Sahi Hai’ — a public awareness campaign, ‘ehub by MG’ charging platform, ‘Battery-as-a-Service’ model for flexible ownership, ‘MG Charge’ initiative to install 1,000 chargers in 1,000 days, and ‘Project Revive’ focusing on battery recycling and repurposing.
The government has also supported EV growth through the PM E-Drive Scheme, introduced in September 2024 to replace the FAME II program. The new scheme has allocated ₹109 billion to promote EV adoption across two-wheelers, three-wheelers, trucks, ambulances, and other advanced electric vehicles.
India’s EV charging network has expanded nearly fivefold — from 5,151 public charging stations in 2022 to 26,367 by early FY2025.
Valued at $8.49 billion in 2024, India’s EV market is projected to grow at a compound annual growth rate (CAGR) of 40.7% between 2025 and 2030. Annual EV sales are expected to reach 17 million units by 2030, as overall EV penetration grows eightfold.
JSW MG Motor India is a joint venture between SAIC Motor, a global Fortune 500 company, and JSW Group, one of India’s leading conglomerates. Established in 2023, the joint venture operates a state-of-the-art manufacturing facility in Halol, Gujarat, with an annual production capacity exceeding 100,000 vehicles.
