CX Partners, a mid-market private equity firm, has started the process to divest its majority stake in Veeda Clinical Research, an independent clinical research organization based ......
China’s largest and the world’s tenth largest automaker by revenues, SAIC Motor, which forged a partnership with Sajjan Jindal-led JSW Group to divest stake in ......
US private equity firm KKR is considering an exit from Avendus Capital, a leading Indian financial services firm, more than eight years after acquiring a ......
The upcoming launch signifies the automaker's focus on expanding its operations in India, especially in the electric vehicle segment. Rajeev Chaba, chairman emeritus of MG Motor India, highlighted the importance of electric vehicles in the Indian market, with expectations that EVs will comprise 15-20% of all passenger vehicles sold by 2030.
JSW Group plans to establish an integrated steel plant, power plant, port facility, and cement plant in Jagatsinghpur, Odisha, with an investment of INR 65,000 crore. The steel plant will produce 13.2 million tons of steel annually and generate 30,000 jobs. The port and jetty project will handle 52 million tons of cargo annually.
JSW Steel and Japan's JFE Steel will jointly invest Rs5,500 crore in a steel plant in India to produce electrical grade grain-oriented steel, the companies stated in separate press releases.
JSW Group To Investment: JSW Group plans to invest USD 4.82 billion to establish electric vehicle and battery manufacturing projects in Odisha. The conglomerate, which formed a joint venture with China's SAIC Motor in November, aims to compete with domestic and international players in India's growing EV market. The government hopes to achieve a 30% share of electric car sales by 2023.
“The idea is not to reduce prices but rather to pack features and offer vehicles at price points which will enhance the value proposition of our customers,” Rajeev Chaba, CEO emeritus of MG Motor India, told ET at the Bharat Mobility Show on Friday.