JSW Group and MG Motor India's latest alliance will enhance the company's product range and production capacity for its next growth phase.
27 Mar 2024 | 7782 Views | By Prerna Lidhoo
With the latest alliance between India's JSW Group and carmaker MG Motor India, and the former picking up a significant 35 percent stake in the new entity, the company is eyeing its next phase of growth, replete with new products and production facilities.
While JSW MG Motor India JV ...
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With the latest alliance between India's JSW Group and carmaker MG Motor India, and the former picking up a significant 35 percent stake in the new entity, the company is eyeing its next phase of growth, replete with new products and production facilities.
While JSW MG Motor India JV is set to see infusion of over Rs 5,000 crore into the JV in the coming years, the automaker plans to expand its product portfolio for the Indian market and also targets to enhance competitiveness by driving localisation of its mass-market products.
Rajeev Chaba, CEO Emeritus, JSW MG Motor India, talks about the company's vision to be present across a wide array of vehicle categories in India's passenger vehicle market, and set up a new plant in Gujarat to triple its existing 1-lakh-unit annual capacity in the future.