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A pickup in sales of luxury vehicles would come as a reprieve for the brand.
JSW MG Motor's joint venture losses doubled to over ₹1,000 crore in 2024-25, despite crossing $1 billion revenue.
KEY POINTS
- JSW MG Motor now employs separate retail networks for its mass-market and luxury vehicles, similar to Toyota.
- Tata Motors and Hyundai plan to launch Avinya and Genesis luxury brands with dedicated retail channels by 2027.
- MG's 'MG Select' initiative has helped it become India's number two premium EV brand within eight months.
COMPANIES
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