JSW MG Motor India aims to recreate ‘Maruti Movement', to be market leader in NEVs
JSW has taken a 35% stake in MG Motor India. Apart from this, Indian Financial Institution (IFI) is taking 8% in the joint venture, the dealers are buying 3%, and 5% is being kept for the employees. Aiming to sell 1 million NEVs by 2030, JSW MG Motor India wants to be the market leader in the category and take up a 33% share in NEVs by 2030. "Maruti brought in state-of-the-art new cars and today they are the 50% market leader. I believe that with MG we can create a new energy vehicle Maruti Movement," Sajjan Jindal, Chairman, JSW Group, said.
Tags : jsw mg motor india MG Motor India new energy vehicles electric vehicles ev and future mobility jsw mg maruti movement jsw mg electric vehicles jsw mg car launch
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