JSW MG Motor India will invest Rs 1,400 crore this year to step up localisation, launch new products and expand manufacturing capacity, with a broader investment plan of around Rs 4,000 crore over the next phase of growth as it prepares a wider portfolio of new energy vehicles (NEV). In an interaction with Fe, Anurag Mehrotra, managing director, JSW MG Motor India, said the immediate investment will be deployed across three priorities. “The first priority is localisation because that is the biggest unlock for our profitability. The second is new products, and the third is plant expansion,” he said.