JSW MG Motor India sets to challenge Maruti and Tata Motors
JSW MG Motor India sets to challenge Maruti and Tata Motors posted by Shubham kumar (Content Editor 1newsbusiness) Mumbai: JSW Group and SAIC Motor-owned MG Motor India announced a joint venture to produce electric and internal combustion engine cars in India. With JSW's 35% stake acquisition, the partnership aims to challenge Maruti and Tata Motors' dominance in Indian markets. MG plans to capture a third of the New Energy vehicle market by 2030, focusing on EVs. JSWGroup and Chinese automotive manufacturer SAIC Motor-owned MG Motor India on Thursday kickstarted their joint venture that will produce both electric and internal combustion engine cars to capture a large chunk of Indian market that is primarily dominated by Maruti and TataMotors. Parth Jindal, member of steering committee of the new JV, unveiled the new brand identity for JSW MG Motor India, following JSW Group's acquisition of 35% stake in MG Motor India from SAIC. "We want to launch one electric vehicl...