Indian government reviews MG Motor's eligibility for PLI scheme amid foreign investment scrutiny.

MG Motor, part of China's SAIC, is experiencing delays in expanding its electric vehicle (EV) production in India due to scrutiny over its foreign investment proposal. The government is reviewing its eligibility for the Production-Linked Incentive (PLI) scheme after MG Motor restructured its ownership with local partner JSW Group holding a 35% stake. The company aims to secure these benefits to lower manufacturing costs and enhance EV affordability in India.

October 30, 2024
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