Followers

Wednesday, March 20, 2024

JSW MG Motor India plans to recreate ‘Maruti movement’

Indian and Chinese companies have teamed up for a significant joint venture in the automotive sector. SAIC, a leading Chinese automaker that owns MG Motor, has partnered with Indian steel giant JSW to produce cars for both domestic and global markets. The new entity, JSW MG Motor India, will have 51% ownership by Indian firms. Initial investment for the venture is set at Rs 5,000 crore, as confirmed by Sajjan Jindal, chairman of JSW group.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SauFl3T

No comments:

Post a Comment

Dow soars over 1,300 pts, Sensex 900 pts

Indian markets surged on Tuesday, with the Sensex closing above 80,000 points, fueled by a global rally following Donald Trump's victory...