Landmark Cars expands operations to Goa with MG dealership - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
SAIC, a notable Chinese automaker, explores partnership with local co-drivers for successful entry into the Indian market vervetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vervetimes.com Daily Mail and Mail on Sunday newspapers.
SAIC Motor Corp is weighing multiple options to partner an Indian company for expanding its presence in the growing automobile market, said Chen Hong, chairman of Chinas largest automaker.
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.
SAIC s search for local partners to continue its car business in India comes as Chinese companies face increased scrutiny from the Indian government due to ongoing geopolitical tensions between New Delhi and Beijing following a deadly border clash in June 2020. India has since banned hundreds of Chinese apps besides imposing restrictions on foreign direct investments from the neighbouring country, making it more difficult for firms from there to invest in India.