SAIC Motor & JSW Group announce a joint venture

The JSW Group will hold 35% in the Indian JV operations.

China’s SAIC Motor, the parent company of MG Motor India, has entered into a joint venture with the JSW Group. The two companies recently signed the shareholder agreement and share purchase & share subscription agreement at MG UK headquarters in London.

The JSW Group will hold 35% in the Indian JV operations. SAIC will continue supporting the joint venture with technology and products. The Chinese automaker will also leverage the large presence of the JSW Group across the B2B and B2C sectors of the Indian economy to establish a robust supply chain.

According to the official statement SAIC Motor and JSW Group will bring together resources in the field of automobiles and new technology. As part of the JV, the companies will look to augment local sourcing, improve charging infrastructure, and expand production capacity. The companies also plan to introduce a broader range of vehicles with a focus on green mobility.