NEW DELHI: In the first case of a top Chinese company making way for an Indian investor, steel magnate Sajjan Jindal’s JSW group will be buying a 35% stake in MG Motor India, a fully-owned unit of China’s automotive giant SAIC, capping a deal that had been in the works for almost a year. Jindal, … Read more
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
JSW Group recently entered into a joint venture with SAIC Motor to acquire 35 percent stake in MG Motor India. Under this aggrement, SAIC Motor and JSW Group will create synergies by bringing together resources in the field of automobiles and new technology. The joint venture will also undertake multiple new initiatives, such as augmenting … Read more
NEW DELHI: In the first case of a top Chinese company making way for an Indian investor, steel magnate Sajjan Jindal’s JSW group will be buying a 35% stake in MG Motor India, a fully-owned unit of China’s automotive giant SAIC, capping a deal that had been in the works for almost a year. Jindal, … Read more
Sajjan Jindal-promoted JSW Group Thursday inked an agreement with China’s SAIC Motor to acquire 35% stake in Indian subsidiary MG Motor India to jointly run automobile operations in the country. As per the agreement reached between the two companies, JSW Group will acquire 35% stake in SAIC’s Indian subsidiary MG Motor India for an undisclosed … Read more
Munich: SAIC Motor Corp is weighing multiple options to partner an Indian company for expanding its presence in the growing automobile market, said Chen Hong, chairman of China’s largest automaker. The company didn’t comment when asked about the prospect of an alliance with JSW Group. ET reported in its June 14 edition that a private … Read more
NEW DELHI – India’s steel-to-energy JSW Group is in early talks with Chinese automaker Leapmotor to license technology to build electric vehicles in India, according to people familiar with the discussions. Under the technology licensing agreement, JSW would use Leapmotor’s platform – the structural underpinnings of a car on which it is built – to … Read more