JSW Group Enters JV With SAIC, Acquires 35% Stake In MG Motor India

In a landmark move aimed at accelerating the growth of MG Motor in India, SAIC Motor and the JSW Group have entered into a strategic joint venture. Under the agreement, JSW Group will hold a 35 per cent stake in the Indian joint venture operations, while SAIC Motor will continue supporting the collaboration with technology and products. The partnership will focus on enhancing local sourcing, improving charging infrastructure, expanding production capacity, and introducing a wider range of vehicles with a strong emphasis on green mobility.

Wang Xiaoqiu, President of SAIC Motor said, “In the growing Indian automotive market, both partners shall work closely to bring in the best of innovation, in creating greener and smarter mobility products and services for our consumers, seizing market opportunities, continuously expanding the brand influence and market share of our products, and achieving greater success for MG in India.”

Parth Jindal of JSW Group highlighted the collaboration's aim to transform MG Motor operations in India with a focus on green mobility solutions. The joint venture plans to introduce a new generation of intelligent connected NEVs (New Energy Vehicles) and ICEs (Internal Combustion Engine vehicles). Jindal also expressed gratitude for being chosen as a partner and looks forward to building one of India’s largest automobile companies together.