Photo: Charles01 / Wikimedia Commons From the fifth-generation Ford Mustang to the Chevrolet SSR, the 2000s was a decade when automakers were fully willing to make a splash with new retro-styled models. It was during this heady time that the Morris Minor, a beloved British classic, was nearly revived when its manufacturer was sold off … 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
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
Porsche found itself in a bit of a pickle recently when a bunch of cars that were headed to the U.S. were impounded at the port of entry. Initially, a source told us that it was because they used a microchip that was manufactured in Belarus, which violated international sanctions, but when we contacted Porsche … Read more
Mumbai: MG Motor India, the SAIC-owned British brand, plans to launch seven new models in the Indian market over the next couple of years, the company told a group of dealers invited to its headquarters in Shanghai within days of stitching a joint venture with the Sajjan Jindal-owned JSW Group. A spokesperson at MG Motor … 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
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