Wednesday, October 4, 2023

Sajjan Jindal, SAIC set to drive MG Motor in India, finalises terms of agreement

Sajjan Jindal's private company to take up to 35% stake initially with option to go up to 49% and then 51% post IPO; Chinese ownership to fall below 40%.

from Auto-Industry-Economic Times https://ift.tt/TBQFgvC

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Mercedes plans bigger India play with greater localisation of parts

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