SAIC Motor and JSW Group form joint venture for MG Motor India

SAIC Motor and JSW Group signed a strategic joint venture agreement under which JSW will acquire a 35% stake in MG Motor India's operations. The joint venture aims to accelerate growth with a focus on green mobility, including local sourcing, charging infrastructure, and production capacity expansion.

“SAIC Motor and JSW Group will create strategic synergies by bringing together resources in the field of automobiles and new technology.”mgmotor.co.in

• 2 sources
• mgmotor.co.inSAIC Motor and JSW Group announce a strategic joint venture to accelerate growth with focus on green mobility.Nov 30, 2023
• auto.economictimes.indiatimes.comSAIC Motor and JSW Group announce JV to accelerate growth with focus on green mobility, ETAutoOnline Bureau, ET AutoDec 1, 2023

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