JSW Group, MG Motor India announce joint venture; aim to create 'New Energy Vehicle Maruti moment'

JSW Group to increase stake in JSW MG Motor India amid SAIC’s exit from Indian Market

JSW Group plans to raise its stake in JSW MG Motor India, its car manufacturing joint venture with SAIC Motor. The Chinese company has decided against committing further capital to India, instead prioritising investments at home and in Europe. Parth Jindal, director of JSW MG, told ET the group wants to come in as the […]

Manufacturing base and cost advantages to make India a leader in global auto component market: NITI Aayog

India’s manufacturing base and cost advantages will position the country suitably for potential market leadership in coming years, said NITI Aayog in its latest report. “India’s presence in the global automotive component market is relatively small. However, India’s growing manufacturing base and cost advantages position it suitably for potential market leader in coming years,” said […]

Mahindra introduces NU_IQ platform, unveils four new SUV design concepts

Mahindra & Mahindra Limited on Friday unveiled its all-new modular NU_IQ platform that will underpin a new range of disruptive SUVs. The company provided a glimpse of its next-generation products by showcasing four concepts based on the new platform. The NU_IQ platform emerges from the company’s strategy in the automotive space by creating revolutionary products […]