JSW Group aims to increase its stake in JSW MG Motor India as SAIC Motor prioritizes investments elsewhere. JSW intends to become the largest shareholder, while SAIC continues providing technology and brand support. Simultaneously, JSW finalizes licensing agreements with Chinese automakers for electric passenger and commercial vehicles, focusing on localizing production amidst geopolitical tensions.
from Auto-Industry-Economic Times https://ift.tt/Xip6q8z
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