The JSW Group-MG Motor wants to bring the “Maruti moment” to the Indian EV industry. The steel major and Chinese auto giant have ambitious targets of flooding the market with new, flashy models and clocking 1 million sales volume by as early as 2030. The number is several multiples of the total EVs sold in India last year. Are these realisable targets? Will the partnership help MG to expand in a market that doesn’t look kindly to Chinese entities? Are there more Indo-Chinese auto partnerships in the offing? Host Anirban Chowdhury breaks it down with Puneet Gupta, Director - S&P Global Mobility, Shally Seth Mohile, and Rajiv Ghosh of Economic Times. Also listen to excerpts of an exclusive interview with Rajeev Chaba, president, MG Motor India only on the latest episode of The Morning Brief podcast!
According to the agreement, JSW will hold 35 percent in the Indian JV operations. SAIC will continue supporting the joint venture with advanced technology and products to deliver extraordinary mobility solutions with an unwavering focus on the Indian consumer.