JSW Group considering launch of affordable electric vehicle and acquisition of MG Motor India

  • JSW Group is planning an affordable electric vehicle (EV) for India and is in discussions with various Chinese EV manufacturers.
  • MG Motor India, a subsidiary of China’s largest carmaker, is a potential acquisition target and entrance into the EV market for the group.
  • JSW Group chairman, Sajjan Jindal, could acquire up to 48% of MG Motor, ensuring majority Indian control. Parallelly, attempts are underway to develop JSW’s own EVs.
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