New Delhi: The current GST rate structure of passenger vehicles in India is outdated and needs to be aligned with the new developments in the auto industry, according to JSW MG Motor India CEO Emeritus Rajeev Chaba. The government should consider the overall perspective of vehicular emissions, reduction of import bill, sustainable local supply chain … Read more
JSW MG Motor India, the recently forged joint venture between MG Motor and Sajjan Jindal-promoted JSW Group, has firmed up plans to invest Rs 3000 crore in the country by the end of 2025 to enhance capacity and introduce nearly half a dozen new products. The capital will be utilised to treble production capacity to … Read more
Home Business JSW MG Motor India Plans To Sell Million Electric Vehicles By 2030; To Invest Rs 5,000 cr A JSW executive said that, a JSW Group and MG Motor joint venture aims to have sold 1 million electric vehicles in India by 2030 and to corner a third of the market. JSW MG Motor … Read more
MUMBAI: The first major India-China joint venture took off in the car industry with $110-billion Chinese automotive behemoth SAIC, which owns and operates MG Motor brand, partnering homegrown steel major JSW to manufacture cars for Indian and global markets.Sajjan Jindal, chairman of JSW group, said cumulative holding of Indian entities will be 51% in the … Read more
SAIC, MG Motor’s parent company today announced a joint venture (JV) with JSW Group to expand MG’s operations in India. The JV has been officially named JSW MG Motor India Private Limited. The company said that with this JV it will capitalise on the significant opportunities in the Indian automotive sector. JSW MG Motor India … Read more
Along with the announcement of the joint venture with JSW group, MG Motor India, now called JSW MG Motor India has showcased the MG Cyberster concept electric supercar. The Cyberster was first revealed back in 2021 and the production was showcased Goodwood Festival of Speed in 2023. The EV is expected to go on sale … Read more