By Dhwani Pandya and VarunVyas Hebbalalu MUMBAI (Reuters) - The joint venture between India's JSW Group and MG Motor, which is owned by China's SAIC Motor, is targeting 1 million electric vehicles
MG Motor India aims to increase annual production capacity to 1,40,000 in 2023, said its MD Rajeev Chaba, adding that ‘profitable & sustainable’ growth is the company's focus.
MG Motor & Hyundai are trying to grab early mover’s advantage in the world’s fourth-largest automobile market as PM Modi pushes India to adapt cleaner energy.
Donald Trump has been vocal about India’s high import tariffs and has threatened retaliation. Simultaneously, his tough stand on China could see Chinese goods flood India.
The Chinese aircraft has uncanny similarities to the American F-35 jet. There are claims that China copied the design. Cyber theft of F-35 design data was reported in 2009.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
COMMENTS