SAIC Motor, MG Motor India and JSW Group formed JSW MG Motor India.

SAIC Motor, a Chinese state-owned automotive design and manufacturing company, MG Motor India, an automobile manufacturer in India, and JSW Group, an Indian multinational conglomerate with diverse businesses including steel, energy, infrastructure, cement and paints, formed JSW MG Motor India, a mobility services. Financial terms were not disclosed. “The JSW MG Motor India joint venture is a momentous joint venture. It is the coming together of two giants in SAIC and JSW. By leveraging the legacy of a world renowned British brand, cutting edge MG technology and JSW’s local manufacturing knowledge and acumen, I have no doubt that JSW MG will make world leading products in India for India and the world. It is our goal to be the leading auto OEM in the NEV segment in India and we will be working tirelessly to bring the best available technology into India so that we can give the Indian consumer what they truly want which is world class cars at affordable prices. MG India 1.0 has had a very good 5 years and it is now up to the joint venture to make MG 2.0 even more impactful and successful. We are grateful that SAIC chose to partner with us and can’t wait to get going,” Parth Jindal, JSW MG Motor India Member of Steering Committee.