The Indian unit of British automobile manufacturing company MG Motors has entered into a joint venture with MG Motor India, the country’s leading steel production company JSW. After combining both companies, we now know which segment of the new vehicles the company can bring in the future. We are giving you this information in this news.
MG and JSW Came Together
The joint venture between MG Motors India and JSW was announced during a Mumbai event. The new entity, JSW MG Motor India Private Limited, aims to create an EV ecosystem with end-to-end supply chain management. JSW Group is the largest steel producer in the country.
This Announcement On New Cars
After announcing the joint venture between the two companies, officials said the partnership’s intent will be on New Energy Vehicles (NEVs). With the upcoming festive season, the company may launch a new product in the country every three to six months.
Officials Gave This Information
Rajeev Chaba, CEO of Emeritus, MG Motor India, said that today, we are one of the fastest-growing OEMs in the country. This foundation empowers us to embark on a new chapter, MG 2.0. We will introduce a range of vehicles, from ICEs to NEVs, focusing on building a strong and sustainable EV ecosystem in India. Parth Jindal, member of the steering committee of JSW MG Motor India, termed it an important joint venture and said that by leveraging the heritage of the British brand, state-of-the-art MG technology and JSW’s local manufacturing knowledge and skills, JSW MG will be the best in India for India and the world. Will create world-leading products.
Showed These Cars
During this period, the company also showcased many excellent cars. MG’s Cyberstar electric concept was also showcased during the event.
