Renowned steel magnate Sajjan Jindal is reportedly in the process of establishing a significant presence in the 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 …
Mumbai: Ending months of negotiations, JSW Group chairman Sajjan Jindal and Shanghai-based SAIC Motor Corp have finalised the terms of their agreement for a grand alliance involving MG Motor India, the wholly owned arm of the Chinese auto major that owns the British automotive marque Morris Garages, people aware of the cross-border deal told ET. …
Munich: 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 China’s 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 …