JSW-MG Motor Joint Venture to foray into premium EV space
The JV business is likely to apply for both the PLI Automotive and the Battery PLI programs - Overdrive
Source: overdrive.in
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The JV business is likely to apply for both the PLI Automotive and the Battery PLI programs - Overdrive
Sajjan Jindal-promoted JSW Group recently inked an agreement with Chinas SAIC Motor to acquire 35% stake in Indian subsidiary MG Motor India to jointly run automobile operations in the country. However, there are various reasons that could also drive the two apart.