About MG Motor India
MG Motor India is a company based in Gurugram (India) founded in 2017.. MG Motor India has raised $430.71 million across 1 funding round from investors including JSW Group. The company has 2,095 employees as of March 31, 2024. MG Motor India offers products and services including MG Hector, MG Astor, MG ZS EV, MG Gloster, and MG Comet EV. MG Motor India operates in a competitive market with competitors including Kia, Tesla, Volvo Cars, Fisker and Hyundai Motor Company, among others.
- Headquarter Gurugram, India
- Employees 2095 as on 31 Mar, 2024
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Jsw Mg Motor India Private Limited
- Date of Incorporation 07 Feb, 2017
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$918.14 M (USD)43.29as on Mar 31, 2023
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Net Profit
$-99.42 M (USD)-7.91as on Mar 31, 2023
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EBITDA
$-48.85 M (USD)27.26as on Mar 31, 2023
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Total Equity Funding
$430.71 M (USD)
in 1 rounds
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Latest Funding Round
$430.71 M (USD), Unspecified
Feb 13, 2024
- Investors
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Employee Count
2095
as on Mar 31, 2024
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Products & Services of MG Motor India
MG Motor India offers a comprehensive portfolio of products and services, including MG Hector, MG Astor, MG ZS EV, MG Gloster, and MG Comet EV. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mid-size SUV with advanced features for urban driving.
Compact SUV offering modern technology and safety.
Electric SUV with long-range battery for eco-friendly travel.
Full-size SUV designed for off-road and family use.
Compact electric car for city commuting and efficiency.
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Funding Insights of MG Motor India
MG Motor India has successfully raised a total of $430.71M through 1 strategic funding round. The most recent funding activity was a Unspecified round of $430.71 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Unspecified — $430.7M
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First Round
First Round
(13 Feb 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2024 | Amount | Unspecified - MG Motor India | Valuation | JSW Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MG Motor India
MG Motor India has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include JSW Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Steel, infrastructure products, and power are manufactured by JSW Group.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MG Motor India
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MG Motor India
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mg Motor India Comparisons
Competitors of MG Motor India
MG Motor India operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kia, Tesla, Volvo Cars, Fisker and Hyundai Motor Company, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Motor vehicles and parts are manufactured, imported, distributed, and sold.
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| domain | founded_year | HQ Location |
Electric vehicles and solar energy products are manufactured.
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| domain | founded_year | HQ Location |
Automobiles and related products are manufactured by Volvo Cars.
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Electric vehicles are manufactured and leased by Fisker Inc.
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| domain | founded_year | HQ Location |
Passenger vehicles including sedans, SUVs, and electric models are manufactured.
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Diversified operations span automotive, agriculture, and financial services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mg Motor India
Frequently Asked Questions about MG Motor India
When was MG Motor India founded?
MG Motor India was founded in 2017 and raised its 1st funding round 7 years after it was founded.
Where is MG Motor India located?
MG Motor India is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of MG Motor India?
Rajeev Chaba is the current CEO of MG Motor India.
Is MG Motor India a funded company?
MG Motor India is a funded company, having raised a total of $430.71M across 1 funding round to date. The company's 1st funding round was a Unspecified of $430.71M, raised on Feb 13, 2024.
How many employees does MG Motor India have?
As of Mar 31, 2024, the latest employee count at MG Motor India is 2,095.
What is the annual revenue of MG Motor India?
Annual revenue of MG Motor India is $918.14M as on Mar 31, 2023.
What does MG Motor India do?
The company was founded in 2017 in Gurugram, India, within the automotive sector. A manufacturing facility is operated to assemble passenger vehicles, including internal combustion and electric SUVs and hatchbacks, for the domestic market under a joint venture. Technology features and connectivity options are integrated into models. Service networks, warranty programs, and dealer support are maintained. Electric vehicle offerings are supported through partnerships for charging infrastructure.
Who are the top competitors of MG Motor India?
MG Motor India's top competitors include Volvo Cars, Fisker and Kia.
What products or services does MG Motor India offer?
MG Motor India offers MG Hector, MG Astor, MG ZS EV, MG Gloster, and MG Comet EV.
Who are MG Motor India's investors?
MG Motor India has 1 investor. Key investors include JSW Group.
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