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Mar 20, 2024 · SAIC Motor and JSW Group have announced a strategic joint venture to create a robust EV ecosystem in India. The new company, JSW MG Motor India, aims to launch new products every three to six months, expand production capacity, localise supply chain, and offer smart and sustainable mobility solutions.
JSW MG Motor India Pvt Ltd, previously MG Motor India Private Limited until 2024, is an automobile manufacturer in India, which was established in 2019. Since 2023, it is a joint venture between the Mumbai -based Indian multinational conglomerate JSW Group and Shanghai -based Chinese automotive manufacturer SAIC Motor , a Chinese state owned ...
Nov 30, 2023 · According to JSW Group’s Parth Jindal, “Our strategic collaboration with SAIC Motor aims to grow & transform the MG Motor operations in India with a focus on green mobility solutions. The joint venture paves the way for bringing world-class technology enabled futuristics suite of automobile products including the new generation of ...
Mar 20, 2024 · India’s biggest steel producer JSW and Chinese carmaker SAIC Motor on Wednesday launched a $1.5bn joint venture to build and sell MG-brand electric vehicles in the world’s most populous country.
Mar 20, 2024 · JSW Group and SAIC Motor-owned MG Motor India announced a joint venture to produce electric and internal combustion engine cars in India. With JSW's 35% stake acquisition, the partnership aims to challenge Maruti and Tata Motors' dominance in Indian markets.
MG Motor India has a strong portfolio of five segment-defining products in India including its most popular SUV, MG Hector. Additionally, MG Motor India has been one of the front runners in bringing EV technology to India with the ZS EV and Comet models and was also one of the first brands to set up a robust EV infrastructure in India.
Mar 21, 2024 · MG Motor India, owned by China’s SAIC, signed a deal with steel conglomerate Sajjan and Parth Jindal-run JSW Group in 2023 to drive its automobile ambitions in the country.
