SAIC to Trim Stake in Indian Car Venture Amid Regulatory Pressure
China’s SAIC Motor is planning to reduce its nearly 49% stake in its joint venture with Indian partner JSW in MG Motor, and will halt further investment, as investment curbs from Indian regulations tighten. SAIC will continue supplying technology and products but move towards a smaller ownership share. The shift reflects both geopolitical tensions and policy efforts in India to limit foreign control in certain sectors. JSW MG Motor may explore tie-ups with other Chinese EV firms as alternatives are sought.
negative
30 days ago
SAIC to Trim Stake in Indian Car Venture Amid Regulatory Pressure
China’s SAIC Motor is planning to reduce its nearly 49% stake in its joint venture with Indian partner JSW in MG Motor, and will halt further investment, as investment curbs from Indian regulations tighten. SAIC will continue supplying technology and products but move towards a smaller ownership share. The shift reflects both geopolitical tensions and policy efforts in India to limit foreign control in certain sectors. JSW MG Motor may explore tie-ups with other Chinese EV firms as alternatives are sought.
negative
SAIC to Trim Stake in Indian Car Venture Amid Regulatory Pressure
about 1 month ago
1 min read
81 words
SAIC cuts back stake in Indian joint venture due to policy and regulatory constraints.
China’s SAIC Motor is planning to reduce its nearly 49% stake in its joint venture with Indian partner JSW in MG Motor, and will halt further investment, as investment curbs from Indian regulations tighten. SAIC will continue supplying technology and products but move towards a smaller ownership share. The shift reflects both geopolitical tensions and policy efforts in India to limit foreign control in certain sectors. JSW MG Motor may explore tie-ups with other Chinese EV firms as alternatives are sought.
China’s SAIC Motor is planning to reduce its nearly 49% stake in its joint venture with Indian partner JSW in MG Motor, and will halt further investment, as investment curbs from Indian regulations tighten. SAIC will continue supplying technology and products but move towards a smaller ownership share. The shift reflects both geopolitical tensions and policy efforts in India to limit foreign control in certain sectors. JSW MG Motor may explore tie-ups with other Chinese EV firms as alternatives are sought.