MG Motor is finally Indian as JSW-led entities pick majority stake

The JSW Group's foray into India's EV space has lifted the Chinese hangover on MG Motor India Pvt. Ltd., something that limited the British marquee's growth in the world's third largest automotive market. A clutch of Indian investors, led by billionaire Sajjan Jindal's conglomerate, have picked up a 51% stake in MG Motor India to create a joint venture.