Indian steel magnate Sajjan Jindal is reportedly forming a new company by acquiring a stake in MG Motor India, a unit of Chinese company SAIC, and purchasing Ford's factory in Chennai. Jindal is also in talks with Chinese auto company Leapmotor to license their technology for electric vehicles. The deal between Jindal's entity and MG Motor is said to be imminent, providing MG Motor with the necessary funds to expand its India business. Jindal would gain access to technologies and vehicle platforms through the partnership.
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5qwpQGg
Subscribe to:
Post Comments (Atom)
Report: 93% Indian executives see rise in cyber budget next year
from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Bu...
-
A woman, in her early 20s, was stabbed to death by a man in southeast Delhi's Bhogal area on Friday evening, following which the accused...
-
Collecting Lego — yes, the plastic toys made of interlocking bricks that become cars and castles and robots —returned more than large stocks...
-
The Delhi High Court on Thursday dismissed the pleas of TTV Dhinakaran and VK Sasikala challenging the Election Commission's order grant...
No comments:
Post a Comment