SAIC To Scale Back Stake In JSW MG Motor India
SAIC trims stake in JSW MG Motor India amid policy hurdles Chinese automaker SAIC Motor is preparing to reduce its shareholding in JSW MG Motor India and pause fresh investments, as regulatory restrictions and valuation disagreements cloud its operations in the Indian market. SAIC intends to “substantially” dilute its current 49% stake in the joint … Read more
