MG Motor India is driving towards tier III and IV cities of the country with plans to establish 100 new touchpoints by the end of the ongoing fiscal year as part of its strategy to fuel the next phase of growth, a senior company official said on Wednesday. With JSW Group coming in as an … Read more
JSW Group and Chinese automotive manufacturer SAIC Motor-owned MG Motor India on Thursday kickstarted their joint venture that will produce both electric and internal combustion engine cars to capture a large chunk of Indian market which is primarily dominated by Maruti and Tata Motors. Parth Jindal, member of steering committee of the new JV, unveiled … Read more
JSW Group, MG Motor India announce joint venture; aim to create 'New Energy Vehicle Maruti moment' FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Trusted Bulletin is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their … Read more
JSW MG Motor India Pvt Ltd – the newly formed entity owned by Sajjan Jindal owned JSW Group and SAIC’s MG Motor India – plans to sell a million units of the new energy vehicles (NEVs) by 2030, said Sajjan Jindal, chairman JSW Group. “With MG we can create a new energy Maruti moment, Jindal … Read more
MG Motor India is set to achieve accelerated growth with the support of JSW Group as an investor, according to CEO Emeritus Rajeev Chaba. The company has already established a strong foundation in technology, customer experience, gender diversity, and community service. Now, MG Motor India is looking forward to the next phase of growth, reported … Read more
Ford Motor Co. unexpectedly abandoned plans to sell its Tamil Nadu plant, its sole remaining factory site in the country, after finalising a deal with the Sajjan Jindal-led JSW Group recently, said people with knowledge of the matter. The decision fuelled speculation that the US company may be considering a re-entry into the world’s third … Read more
Sajjan Jindal-promoted JSW Group Thursday inked an agreement with China’s SAIC Motor to acquire 35% stake in Indian subsidiary MG Motor India to jointly run automobile operations in the country. As per the agreement reached between the two companies, JSW Group will acquire 35% stake in SAIC’s Indian subsidiary MG Motor India for an undisclosed … Read more
Indian conglomerate JSW Group and China’s SAIC Motor have formed a joint venture in India with a focus on green mobility and to develop the electric vehicle ecosystem, the two companies said in a statement on Thursday. JSW will take a 35% stake in the new Indian joint venture, the companies said. SAIC already has … Read more
The Sajjan Jindal-promoted JSW Group and SAIC Motor announced an India joint venture aimed at expanding the operations of MG Motor, owned by the Chinese company, in the country. JSW will hold a 35% stake in the joint venture, they announced on Thursday. “Our strategic collaboration with SAIC Motor aims to grow and transform the … Read more
