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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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.
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.
People of MG Motor India
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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.
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.
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Steel, infrastructure products, and power are manufactured by JSW Group.
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Investor details for MG Motor India
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Investments & Acquisitions by MG Motor India
Investment portfolio details for MG Motor India
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Financial Statements - MG Motor India
Detailed financials for MG Motor India
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Mg Motor India Comparisons
Peer comparison for MG Motor India
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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.
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Motor vehicles and parts are manufactured, imported, distributed, and sold.
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Electric vehicles and solar energy products are manufactured.
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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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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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Detailed competitors of MG Motor India
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Latest news on Mg Motor India
Complete news archive for MG Motor India
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Frequently Asked Questions about MG Motor India
MG Motor India was founded in 2017 and raised its 1st funding round 7 years after it was founded.
MG Motor India is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Rajeev Chaba is the current CEO of MG Motor India.
MG Motor India is a funded company, having raised a total of $430.71M across 1 funding round to date.
As of Mar 31, 2024, the latest employee count at MG Motor India is 2,095.
Annual revenue of MG Motor India is $918.14M as on Mar 31, 2023.
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.
MG Motor India's top competitors include Volvo Cars, Fisker and Kia.
MG Motor India offers MG Hector, MG Astor, MG ZS EV, MG Gloster, and MG Comet EV.
MG Motor India has 1 investor. Key investors include JSW Group.