New Delhi, April 27 -- JSW MG Motor India Pvt. Ltd, the joint venture between China's SAIC Motor Corp. Ltd and India's JSW Group, emerged as the second-largest seller of luxury electric vehicles (EVs) in India in 2025-26.
JSW's luxury EV chain, MG Select, saw sales pick up to about 2,029 cars on the back of its exclusive luxury outlets and products gaining traction, against market leader BMW's 3,500 sales, according to the carmaker's sales data.
A pickup in sales of luxury vehicles-defined as those priced above Rs.50 lakh-would come as a reprieve for the brand, as losses at the joint venture doubled in 2024-25 to exceed Rs.1,000 crore, even as revenue crossed the $1 billion mark.
The performance was driven by JSW MG Motor's move to joi...
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