Mainland China’s SAIC Motor and India’s JSW Group establish strategic automotive joint venture
All-new EV models will be launched under the newly formed JV every three to six months, beginning the festive season later this year
SAIC Motor, a leading automaker from mainland China with annual revenues of about $110 billion, and JSW Group, a $23 billion Indian conglomerate, have established their new strategic joint venture named JSW MG Motor India Pvt. Ltd, the two companies said in a joint announcement March 20.
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