SAIC
EU governments waver over Chinese EV tariffs as trade spat escalates EU countries debate supporting tariffs on Chinese electric vehicles in Brussels amid concerns over Beijing's possible retaliation affecting EU exports like cognac and pork.
03 Jul, 2024, 12.01 PM ISTGerman deputy leader visits China to manage fears of trade war with EU Robert Habeck, who has personally spoken out against punitive tariffs as a last resort, took with him a low-key business delegation and will address trade relations while also pressing China on hot-button issues like Russia's war in Ukraine.
20 Jun, 2024, 12.08 AM ISTHow China's EV makers aim to beat Tesla, legacy automakers in Europe Chinese EV titans BYD, Chery and Great Wall Motor (GWM) are preparing a fusillade of product launches - about 20 over the next five years - and spending heavily on sales and marketing in their most important export market.
30 May, 2024, 10.53 AM IST- ADVERTISEMENT
EV ride-hailer BluSmart seeks $300 million to expand car fleet BluSmart, India’s top electric cab operator, aims to raise $300 million to expand its fleet with cars from top manufacturers, targeting major cities for premium service. The company focuses on electrification and sustainability efforts in India, wit...
28 May, 2024, 10.49 AM ISTMG Motor India looks to expand network in tier III, IV to drive next phase of growth MG Motor India aims to expand its presence in tier III and IV cities by establishing 100 new touchpoints by the fiscal year end. With plans to increase touchpoints to 520 across 270 cities by 2024-25, MG Motor embarks on its growth phase 'MG 2.0', f...
17 Apr, 2024, 04.39 PM ISTSAIC's MG Motor India plans to bring in Indian investors including JSW SAIC Motor's MG Motor India to attract investors for market expansion and risk prevention. JSW Ventures, IndoEdge India Fund, dealer trust, and employee stock plan to aid growth in India's auto sector.
08 Apr, 2024, 07.45 AM ISTWhy MG Motor India tied up with the JSW Group, CEO Emeritus Chaba elaborates MG Motor India, owned by China’s SAIC, signed a deal with steel conglomerate Sajjan and Parth Jindal-run JSW Group in 2023 to drive its automobile ambitions in the country. We caught up with MG Motor India’s CEO Emeritus Rajeev Chaba in Worli, Mumba...
21 Mar, 2024, 07.56 PM ISTSajjan Jindal looks to recreate iconic 'Maruti Moment' with JSW MG India JSW MG, led by Jindal, targets selling a million NEVs by 2030 with Mumbai announcement. Plans include SAIC deal, Odisha investment, and focus on green mobility amidst geopolitical tensions, Hector, Astor models.
20 Mar, 2024, 11.50 PM ISTMG India's Cyberster: All-Electric Sports Car with sprint pace of 0-100 Kph in 3.2 seconds India's JSW Group and Chinese car manufacturer SAIC Motor-owned MG Motor India today unveiled the Cyberster, an all-electric convertible roadster. The company claims that the Cyberster can accelerate from 0 to 100 km/h in just 3.2 seconds. The MG Cy...
20 Mar, 2024, 07.29 PM ISTJSW Group, MG Motor India announce joint venture; aim to create 'New Energy Vehicle Maruti moment' JSW Group and Chinese automotive manufacturer SAIC Motor-owned MG Motor India on Thursday kickstarted their joint venture that will produce both electric and internal combustion engine cars to capture a large chunk of Indian market which is primaril...
20 Mar, 2024, 04.00 PM ISTJSW Group to invest $5 billion in EV projects in eastern India JSW Group plans to invest 400 billion rupees in EV manufacturing projects in Odisha, India. Electric models accounted for 2% of India's car sales last year, with Tata Motors leading the market. The government aims to achieve a 30% share of EV sales ...
22 Jan, 2024, 10.33 PM ISTEU investigators to inspect China's BYD, Geely and SAIC in EV probe European Commission investigators are to inspect Chinese automakers in the coming weeks as part of a probe into whether to impose punitive tariffs to protect European electric vehicle (EV) makers, three people involved in the process said.
12 Jan, 2024, 03.33 PM ISTMG Motor India to introduce seven new models in India in 2 years MG Motor India plans to launch seven new models in the Indian market over the next few years. Following its joint venture with the JSW Group, MG Motor showcased its lineup to dealers, including models to be launched in India. The company is expected...
30 Dec, 2023, 12.26 AM ISTJSW, SAIC ink JV to run MG Motor operations in India "Our strategic collaboration with SAIC Motor aims to grow and transform the MG Motor operations in India with a focus on green mobility solutions," the JSW Group's Parth Jindal said in a media release. The announcement comes amid increased scrutiny ...
01 Dec, 2023, 06.36 AM ISTJSW, China's SAIC form new India venture for green mobility SAIC already has a presence in India through its fully owned unit MG Motor India but has struggled to grow its presence in the country after Chinese investments faced increased scrutiny from New Delhi. JSW will take a 35% stake in the new Indian joi...
01 Dec, 2023, 01.07 AM ISTJSW Group to acquire 35% stake in MG Motor India As per the agreement reached between the two companies, JSW Group will acquire 35% stake in SAIC’s Indian subsidiary MG Motor India for an undisclosed amount. The Chinese auto major will continue supporting the joint venture with advanced technolog...
30 Nov, 2023, 09.28 PM ISTSteel magnate Sajjan Jindal could soon become a strong force in Indian auto market The plan involves acquiring a substantial stake in MG Motor India, a unit of the Chinese company SAIC, and subsequently acquiring Ford's factory in Chennai through a new entity. Concurrently, Jindal is actively engaged in discussions with the Chines...
27 Oct, 2023, 04.33 PM ISTMG Motor to recast dealer network ahead of deal with Sajjan Jindal Co MG Motor India is planning to revamp its dealership network by closing underperforming dealerships and opening new ones in different locations. The move comes ahead of a potential alliance between MG Motor's Chinese parent company and a private firm...
10 Oct, 2023, 12.56 AM ISTSajjan Jindal, SAIC set to drive MG Motor in India, finalises terms of agreement Sajjan Jindal's private company to take up to 35% stake initially with option to go up to 49% and then 51% post IPO; Chinese ownership to fall below 40%.
05 Oct, 2023, 06.36 AM ISTChinese automaker SAIC looks at local co-drivers to navigate India market The company didn't comment when asked about the prospect of an alliance with JSW Group. ET reported in its June 14 edition that a private company owned by Sajjan Jindal, chairman of JSW Group, aims to buy a stake of as much as 48% in MG Motor India.
07 Sep, 2023, 06.19 AM IST