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.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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