The Gurugram-based carmaker—a joint venture between Mumbai-headquartered JSW Group and China’s SAIC Motor—plans to expand capacity at its Halol plant in Gujarat from around 110,000 units annually to over 300,000 units in the next 12 to 18 months. The investment, between $330 million to $480 million ( ?3000 to ?4000 crore), will be funded through a mix of internal accruals and external capital, including a potential fundraise from outside investors. The expansion signals JSW MG’s intent to emerge as a significant force in India’s fast-evolving new energy vehicle market. Currently the country’s second-largest EV player, the company is doubling down…