thehindu.com

JSW Group in talks with SAIC Motor to Increase Stake in JV

SAIC Motor logoSAIC Motor
Sig2.92Sen+2.25Env+1.75Soc+0.85Gov+0.60

JSW Group is in talks with SAIC Motor to increase its stake in their joint venture, JSW MG Motor India, aimed at expanding in India’s auto sector. The JV plans about ₹3,500 crore of investment, including capacity growth at its Halol plant in Gujarat. JSW MG Motor India also launched the Hector Tomahawk EV and PHEV variants, with the EV offered under a battery-as-a-service model.

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