CCI approves JSW's 38% stake purchase in MG Motor India
JSW Group entered into a joint venture with China's SAIC Motor last year.
JSW Group entered into a joint venture with China's SAIC Motor last year.
China's SAIC Motor and JSW joint venture will pursue the development of the electric vehicle (EV) ecosystem in India.
MG Gloster Blackstorm is powered by the BS-VI 2.0-litre diesel engine, including a first-in-segment twin-turbo diesel engine that delivers 158.5 kW of power.
Rajeev Chaba, CEO emeritus of MG Motor India, says 'Indianising' MG Motor India will mean 'Indianising' the board, shareholding, and management.
Maruti's overall sales surge 6.5%, Tata Motor’s overall sales dip 3.9%; Hyundai and Kia report 3.5% and 22% YoY growth, respectively
The smallest, most affordable EV will trigger a race targeted at young buyers.
India's biggest steel maker is in negotiations with Chinese carmakers to acquire a stake, as the latter finds it difficult to raise fresh funds amid increased scrutiny of fund inflows from Beijing
"The world-leading hydrogen fuel cell system underlines MG's commitment to providing clean and efficient travel based on green, renewable power sources," the company says in a statement.
Chaba says the company has always reinforced its commitment to national policies such as the 'Make in India initiative', and its push for battery electric vehicles (BEVs).
The Next-Gen MG Hector is available in five variants -- Style, Smart, Smart Pro, Sharp Pro & Savvy Pro. The SUV comes in five, six, and seven-seater configurations.