China's SAIC to cut stake in India car venture with JSW amid investment curbs, sources say

SAIC Motor plans to reduce its stake in its Indian joint venture, JSW MG Motor, and halt further investments. Despite efforts to improve relations between India and China, investment proposals remain stalled. JSW's pursuit of a partnership with Chery Automobile has further strained the relationship.

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