mg motor

JSW Group: JSW, SAIC ink JV to run MG Motor operations in India

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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

What Sajjan Jindal’s ride on MG Motor means

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Sajjan Jindal’s JSW Group buying a 35% stake in MG Motor India is a win-win deal for both. MG Motor India is a British brand owned by China’s SAIC. The company had a good start with the launch of its first product SUV Hector in 2019. Though it has a minuscule share in India’s auto … Read more