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In May 2023, due to interventionist market policy by the Indian government, SAIC was forced to reduce shareholding in the venture. By
November 2023, the company entered into a strategic joint venture with JSW Group, which allowed latter to acquire 35% in the company. Further, IndoEdge India Fund
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bought an 8% stake, while a dealer trust as well as an employee stock ownership plan, acquired 3% and 5% stakes, respectively, leaving SAIC with just 49% stake.
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The whole subsidiary was setup in the year 2017 by SAIC Motor and began its sales and manufacturing operations in 2019 from an old
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929:"MG Motor India's expansion strategy: Expert sees need to sync long-term commitment of potential stake buyers"
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2,000 crore in revamping the 178 acre facility after its takeover from
General Motors.
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765:"Will create greener, smarter mobility products for India, says SAIC Motor's Wang Xiaoqiu"
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983:"MG Motor inaugurates first India facility in Gujarat, to roll out first product by 2019"
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in 2020 between troops of both nations along their disputed
Himalayan boundary.
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JSW MG Motor India operates one manufacturing plant in the country, located in
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719:"We believe in slow but sure growth in India: MG Motor India's Rajeev Chaba"
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This article about an automotive industry corporation or company is a
955:"JSW Group partners SAIC Motor to acquire 35% stake in MG Motor India"
877:"JSW to take stake in MG Motor India as China's SAIC dilutes holdings"
746:"MG Motor India Commences Production of Hector SUV From Gujarat Plant"
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2771:* - manufacturing and marketing only - Brand owned by foreign entity
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902:"China's SAIC to dilute stake in MG Motor India, drive EV sales"
852:"MG Motor India acquires Halol plant from GM, plans full revamp"
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819:"We will create a Maruti moment with MG: Sajjan Jindal"
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Vehicle manufacturing companies established in 2017
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1918:JSW Vijayanagar Power Station
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2811:. You can help Knowledge by
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717:Modi, Ajay (20 March 2018).
684:Automotive industry in India
240:-based Indian multinational
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2908:Motor vehicle company stubs
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222:JSW MG Motor India Pvt Ltd,
53:MG Motor India facility in
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2010:Inspire Institute of Sport
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1282:Concept/prototype vehicles
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2135:Heavy Vehicles Factory
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1943:JSW Infrastructure
1401:List of MG vehicles
1101:MG5 (compact sedan)
281:Government of India
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1964:JSW MG Motor India
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908:. 10 May 2023
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2759:SUN Mobility
2754:NHA of India
2702:Toyota India
2680:Nissan India
2507:Apollo Tyres
2392:Swaraj Mazda
2324:BMW Motorrad
2277:Ola Electric
2218:HOP Electric
2152:Ather Energy
2120:Ajanta Group
2020:Bengaluru FC
1989:Parth Jindal
1963:
1823:
1810:
1636:SAIC Hongyan
1599:subsidiaries
1456:
1375:MG F / MG TF
1166:IM LS6 / LS6
990:. Retrieved
986:
962:. Retrieved
958:
948:
936:. Retrieved
932:
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910:. Retrieved
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884:. Retrieved
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859:. Retrieved
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834:. Retrieved
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728:. Retrieved
722:
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662:India portal
612:
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568:
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320:ICE vehicles
298:
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275:facility in
270:
242:conglomerate
236:between the
225:
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220:
141:Rajeev Chaba
104:Headquarters
66:Company type
29:
2749:Global NCAP
2663:Škoda India
2604:Honda India
2570:of foreign
2502:Anand Group
2431:Tata Daewoo
2405:Foreign JV
2357:Hero Motors
2302:Tata Motors
1952:Jaigad Port
1785:MG vehicles
881:Nikkei Asia
800:|last=
676:Cars portal
433:Hector Plus
224:previously
162:Automobiles
125:Area served
2878:SAIC Motor
2852:Categories
2653:Audi India
2584:BharatBenz
2495:Components
2472:Hero Honda
2462:Ford India
2162:Bajaj Auto
1959:JSW Cement
1910:JSW Energy
1798:Brands of
1499:SAIC Motor
1262:Sports car
1201:S9 EV / R7
1135:Windsor EV
1060:SAIC Motor
964:1 December
938:1 December
912:1 December
886:1 December
861:1 December
782:1 December
705:References
699:SAIC Motor
570:Windsor EV
449:Baojun 530
418:Baojun 530
295:Operations
257:SAIC Motor
186:SAIC Motor
137:Key people
80:Automotive
2903:JSW Group
2739:Auto Expo
2626:Kia India
2579:BMW India
2572:companies
2426:SML Isuzu
2362:Hindustan
2157:Atul Auto
1882:JSW Steel
1874:Companies
1867:JSW Group
1579:SsangYong
1309:Dynamo EV
1269:Cyberster
987:Overdrive
831:0013-0389
792:cite news
777:0971-751X
769:The Hindu
689:JSW Group
598:crossover
523:Hatchback
480:Maxus D90
359:crossover
245:JSW Group
182:JSW Group
146:President
2858:MG Motor
2781:Category
2387:Standard
2352:Chinkara
2213:Hradyesh
1812:Category
1780:Vehicles
1735:(50.1%)
1716:CP Group
1693:GM Korea
1613:MG Motor
1458:Category
1426:MG Rover
1329:Marvel X
1319:E-motion
1299:X-Motion
1236:Minivans
1171:Marvel R
1125:Comet EV
1050:MG Motor
836:20 March
730:12 March
694:MG Motor
634:See also
539:Comet EV
514:facelift
512:Update (
346:facelift
344:Update (
285:conflict
263:marque.
249:Shanghai
209:.mgmotor
172:MG Motor
158:Products
109:Gurugram
76:Industry
2522:JK Tyre
2455:Defunct
2372:Premier
2340:Defunct
2287:Pravaig
2198:Escorts
2104:Indian
1824:Commons
1724:SAIC-GM
1700:Naveco
1606:Current
1530:Hongyan
1513:Current
1506:Marques
1411:MG cars
1394:Related
1253:Maxus 9
1248:Maxus 7
1220:Pickups
1151:Gloster
992:20 July
906:Reuters
750:News 18
464:Gloster
267:History
253:Chinese
251:-based
202:Website
113:Haryana
94: (
86:Founded
59:Gujarat
2537:Pricol
2414:Active
2382:Sipani
2186:Eicher
2113:Active
2003:Sports
1977:People
1759:(65%)
1743:(50%)
1727:(50%)
1719:(51%)
1702:(50%)
1664:Former
1652:Sunwin
1584:Daewoo
1572:Former
1564:Yuejin
1560:Wuling
1550:Rising
1520:Baojun
1344:CyberE
1156:Hector
1120:MG9 EV
1086:MG4 EV
829:
775:
504:Notes
495:Model
402:Hector
336:Notes
327:Model
315:Models
238:Mumbai
168:Brands
148:&
2727:Other
2377:Rajah
2203:Force
1937:Other
1751:(7%)
1696:(6%)
1555:Roewe
1540:Maxus
1431:Roewe
1206:Whale
625:2022
622:2020
619:2020
614:ZS EV
578:2024
575:2024
547:2023
544:2023
472:2020
469:2020
444:2023
441:2020
438:2020
413:2023
410:2019
407:2019
383:2021
380:2021
375:Astor
301:Halol
230:India
178:Owner
130:India
118:India
55:Halol
2809:stub
2542:Rane
2512:CEAT
2307:Cars
2292:TAFE
2253:JAWA
2223:ICML
2208:Hero
1712:SAIC
1339:MAZE
1324:Icon
1314:E200
1289:360M
1074:Cars
994:2019
966:2023
940:2023
914:2023
888:2023
863:2023
838:2024
827:ISSN
804:help
784:2023
773:ISSN
732:2023
247:and
96:2017
89:2017
2532:MRF
2517:JAI
2367:LML
2314:TVS
2228:KAL
2167:KTM
1525:LDV
1385:V80
1370:750
1365:550
1360:350
1334:RC6
1191:RX9
1186:RX8
1181:RX5
1176:One
1115:MG7
1110:MG6
1081:MG3
594:SUV
355:SUV
213:.in
211:.co
207:www
2854::
1545:MG
1535:IM
1380:GS
1294:CS
1196:S5
1161:HS
1130:D7
1105:GT
1103:/
985:.
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957:.
931:.
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309:₹
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144:(
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