China's SAIC Motor is selling an additional 10% stake in its Indian car venture, JSW MG Motor, to local partner JSW Group. This move will elevate JSW to the largest shareholder, granting it greater operational control. SAIC's decision stems from India's investment curbs, hindering expansion plans despite previous stake dilution.
from Auto-Industry-Economic Times https://ift.tt/ic5z1ZG
Subscribe to:
Post Comments (Atom)
-
Mahindra, in collaboration with Warner Bros. Discovery, has launched the limited-run BE 6 Batman Edition electric SUV, inspired by Christoph...
-
At present, the carmaker has tied up with 20 partners across vehicle needs, mobility services and lifestyle companies to offer exclusive ben...
-
PUBG Mobile developer has expressed concern and surprise over the recent ban and arrest of 10 college students in Rajkot, Gujarat, for playi...
No comments:
Post a Comment