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
Last week the 2024 edition of the Geneva International Motor Show took place in the halls of Palexpo, like it has for a 120 year-plus history. Except this time the show was fundamentally different. 200,000 visitors were expected over the course of the 2024 show. A few short years ago in 2019 roughly 600,000 visitors … Read more
UK-based automobile brand Morris Garages (MG) which is now owned by Chinese state-owned automobile manufacturer SAIC Motor has launched the MG Astor 2024. This new car is the first car to launch with Personal AI Assistant in India. The new Astor 2024 comes with a host of other features including Wireless Charger, Wireless Android Auto … Read more
Happy Wednesday! It’s January 10, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Tesla Lowers Estimated Range For All Vehicles … Read more
Happy Tuesday! It’s January 9, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. The Zeekr 001 On Track | First Drive 1st Gear: Amazon Is Coming For Your Car Within … 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
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