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
China’s SAIC Motor Corp Ltd said its unit MG Motor India Pvt Ltd plans to introduce investors including JSW Ventures Singapore Pte Ltd, through an equity transfer and by increasing share capital. As part of the deal, JSW Ventures, a unit of JSW International Tradecorp Pte Ltd，will buy an aggregate 35% stake in MG Motor … Read more
MG Motor India on Monday reported a 23 per cent dip in retail sales at 4,648 units in March as compared to the same month last year. The automaker had sold 6,051 units in March 2023. In FY 2023-24, the carmaker said IT registered around 14 per cent year on year growth in sales over … 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
NEW DELHI: MG Motor India on Friday reported an 8 per cent increase in retail sales at 4,532 units in February as compared to the same month last year. The automaker had sold 4,193 units in February 2023. Electric vehicles continue to contribute a significant share of the carmaker’s overall vehicle sales, accounting for around … Read more
Carmakers Tata Motors, MG Motor India and Mahindra & Mahindra are narrowing the price gap between their electric vehicles and petrol and diesel models amid softening battery prices, but luxury carmakers do not expect such price parity any time soon. That is mainly because luxury battery electric vehicles (BEVs) are mostly imported into India, attracting … Read more
MG Motor is looking at rationalising trims and prices across its range of vehicles on sale in India to help shore up volumes in the domestic market by 25-30% this year. “The idea is not to reduce prices but rather to pack features and offer vehicles at price points which will enhance the value proposition … Read more
The Competition Commission of India (CCI) has given its approval for Sajjan Jindal-promoted JSW Group’s proposed acquisition of up to 38 per cent stake in MG Motor India. “The Acquirer is a newly incorporated entity and is not engaged in any activities as on date. It is a wholly owned subsidiary of JSW International Tradecorp … Read more
MG Motor India reported a robust 18 per cent growth in total retail sales for the year 2023, reaching 56,902 units compared to the previous year. The automobile company announced that December 2023 alone saw retail sales of 4,400 units, marking a notable 13 per cent increase from the same month in the previous year. … Read more
