JSW Group and MG Motor form a joint venture targeting 1M EV sales in India by 2030, investing ₹5,000 crore.
JSW Group and MG Motor form a joint venture targeting 10 lakh (1 million) EV sales in India by 2030, investing ₹5,000 crore. The venture plans to enter the premium passenger vehicle segment and launch new models every 3-6 months, starting from September 2024. JSW MG Motor India aims to create a "Maruti moment" in India's electric vehicle industry, similar to how Maruti Suzuki disrupted the automotive market 40 years ago.
March 20, 2024
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