Saic Motor

MG Motor plans to build manufacturing plant, R&D centre in Mexico

It did not mention the United States, but added that sister brand IM, a luxury electric-vehicle line, also plans to enter the Mexican market

SAIC's MG Motor India to bring in new investors, JSW set to buy 35% stake

IndoEdge India Fund will buy an 8 per cent stake, a dealer trust will take a 3 per cent stake and an employee stock ownership plan will own 5 per cent

JSW MG Motor India plans to sell a million electric vehicles by 2030

'The percentage of stake we hold is not as important as bringing the highest and best-available technology cars into India', says Sajjan Jindal

JSW MG Motor India to invest Rs 5,000 cr; focus on new energy vehicles

One of the key targets of JSW MG Motor India would be to bring down prices of NEVs closer to that of ICE vehicles

Expect accelerated growth post investment by JSW Group: MG Motor India CEO

MG Motor India expects an accelerated growth path with more aggressive expansion plans after getting the JSW Group as an investor, according to company CEO Emeritus Rajeev Chaba. With the company already establishing a well laid foundation based on technology, customer experience, gender diversity and community service in the first phase of its journey in the country, he said MG Motor India is now looking ahead to the next phase of growth. "Now with the investor coming in, definitely I would expect an accelerated growth path, and more aggressive expansion plans.That's what we look forward to and take advantage of the solid foundation," Chaba told PTI. He was responding to a query on how MG Motor India was looking ahead with the new investor coming in but declined to share details on the future roadmap citing an impending announcement by the joint venture between China's SAIC Motor and JSW Group next week. Last year in November, China's largest automaker SAIC Motor had inked a joint

ESG, technology theme to dominate India Inc acquisitions in 2024

Streamlined regulatory approvals, sector-specific incentives would encourage firms to write acquisition cheques

JSW Group, China's SAIC Motor begin negotiations on royalty fees

China's largest auto firm keen to get higher royalty fee; JSW group wants to go with industry benchmark

MG Motor to overhaul its dealership network, close underperforming outlets

For the financial year ending in 2023, MG Motor India had a 1.26% share in India's passenger vehicle segment

Sajjan Jindal's firm, SAIC Motor to take over MG Motor India: Report

There will be no JSW Group companies involved in the deal and Jindal will participate through his private company

Automaker SAIC Motor likely to partner with Indian company to expand base

Following a border clash in June 2020, the Indian government had banned Chinese apps and imposed restrictions on foreign direct investments

Sajjan Jindal may acquire 48% stake in MG Motor India, govt onboard

When concluded, the deal will leave at least 51 per cent stake of the company in Indian hands

China's SAIC Motor plans to sell its stake in MG Motor to domestic entities

SAIC is in the advanced stages of talks with investors from different Indian companies, which include Reliance, Hero Group, Premji Invest, and JSW Group for equity sale

MG Motor India says will sell majority stake to Indians in 2-4 years

Carmaker owned by Chinese company SAIC Motor will raise Rs 5,000 crore through stake sale

MG's Comet enters EV space at Rs 7.98 lakh, all that you need to know

The Comet EV will be available for test drives from today, April 27 and the bookings will open on May 15

MG Motor expects EVs to make up around 20-30% of sales in India in 2023

MG Motor India, owned by China's SAIC Motor, expects electric vehicles (EV) to account for at least a quarter of its sales in India in 2023, the automaker said during the country's biennial auto show

India launches probe into MG Motor as scrutiny on Chinese firms widens

The company's top management, including directors, managing director and auditors have been summoned next month by the ministry seeking more clarification

Chinese automaker SAIC's MG Motor India to raise funds for EV push: Report

'MG Motor India has yet to finalise how much money it plans to raise, which will depend on the valuation of the Indian business and its growth plans'

MG revs up on smaller cars to play the long game in Indian market

A smaller SUV and a sub-four-metre car are in the works

China's best selling EV maker betting on cult status to sell a million cars

Hongguang Mini outsells bigger players and even Tesla almost every month with a tiny, bare-bones EV that starts at $4,500.

China's biggest carmaker SAIC Motor to drive into India

SAIC plans debut in 2018, $1 bn investment