SAIC Motor Further Divests Stake in Indian JV to JSW Group Amid Regulatory Hurdles
Strategic Realignment in the Indian Automotive Market Chinese automotive giant SAIC Motor has reached an agreement to sell an additional 10% stake in its Indian subsidiary, MG Motor India, to the JSW Group, according to recent industry reports. This divestment, which follows an initial partnership established last year, marks a significant shift in the ownership…