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“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.
“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.
The Sajjan Jindal-promoted JSW Group and SAIC Motor announced an India joint venture aimed at expanding the operations of MG Motor, owned by the Chinese company, in the country. JSW will hold a 35% stake in the joint venture, they announced on Thursday.
"Our strategic collaboration with SAIC Motor aims to grow and transform the MG Motor operations in India with a focus on green mobility solutions," the JSW Group's Parth Jindal said in a media release. The announcement comes amid increased scrutiny by the Indian government on investments made by China amid border tensions.
Mg Motor India: The maker of Hector and Astor SUVs also assured its dealers on the sustenance of its Indian operations and brand MG post the deal, the automaker informed the dealer partners last week. The company also touched upon plans to launch new models and variants and expand the overall capacity in its communication to the dealers.