MG Motor India Bets On Hybrids As EV Push Sets Up Bold 2026 Plan

MG Motor India is stepping up its new energy vehicle play in India, with a clear tilt towards hybrids and electric cars even as it keeps internal combustion engine (ICE) models in the mix.
In an interaction with the media Anurag Mehrotra, Managing Director of JSW MG Motor India said, “So then we looked at the new energy vehicle segment and it’s clear that it’s growing at a very fast clip rate. It was 2–4% of the market, it’s about 4 to 5% now, and we forecast that by 2030 the new energy vehicles should be about 30%, which is a combination of EVs and hybrids. The industry will get to about 5.5 to 6 million, inshallah, all things going well.”

Mehrotra said the company wants its growth pool to come from the new energy space, which for MG Motor India covers electric vehicles and hybrids. He added that this reflects a conscious choice to focus on where the company sees long-term demand.

“And therefore we would rather define our pool to be, and strategy is about making choices; what not to do is also a choice,” he said. “So we’ve firmly decided to stay focused on new energy vehicles, which means the centre of gravity will be on new energy vehicles. Doesn’t mean we won’t have ICE—I mean obvious thing is tomorrow we are launching a diesel car—so… but it’s 75–80% of our centre of gravity of our business will continue to be new energy vehicles.”

The company is also tracking adoption patterns in higher priced segments to shape its product pipeline. “So after we did that we also looked at premium cars because… when you look at the premium cars, the EV adoption there is almost as high as 14%, which is significantly more than where the mass markets are. Therefore it kind of intrigued us. Then you double click and realize the consumers there are still far more embracing of EVs and hybrids than in the mass segment.”
In 2025, JSW MG Motor India reported calendar year sales of 70,554 units in the domestic market, a 19% rise over 2024 volumes, supported by both ICE and electric models. The company ended the year with around 6,500 wholesale units in December. MG also crossed 1 lakh cumulative electric vehicle sales in India in 2025, and remains among the leading EV players in the passenger vehicle space.

New energy vehicles already form a large share of MG’s portfolio, with company executives earlier indicating that roughly 80% of current offerings are electric, and that MG holds around 35% share of the domestic EV passenger segment. This base in battery electric cars is now set to expand to hybrids as the company readies its next wave of models.

For 2026, JSW MG Motor India plans to launch four models, including a plug-in hybrid sport utility vehicle, a battery electric model and the Majestor SUV, along with one more product that is yet to be detailed. Mehrotra has indicated that the company will step up localisation and expand capacity at its Halol plant as part of this phase. The firm expects the overall passenger vehicle market in India to grow in high single digits or low double digits in 2026, and aims to outpace the industry.