JSW Enters Into A Joint Venture With MG Motor

2023 • 5min • News • Business


Published On: December 01, 2023 - Shanghai-headquartered SAIC Motor, China’s largest automaker, and JSW Group announced forming a joint venture. JSW will pick up a 35% stake in MG Motor India as part of the agreement. The share purchase and share subscription agreement have been signed in London. SAIC will support the JV providing adequate technology to JSW. In addition, the venture is likely to transform MG Motor’s operations in India.