18 Sep 2025 | 5 Mins Read
China's SAIC to reduce India car stake
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SAIC Motor, China's largest state-owned auto company, will slash its 49% stake in Indian JV, JSW MG Motor, amid strained relations between India and China. SAIC will continue to supply technology and products to the venture. JSW has offered to buy most of SAIC's stake, but talks on valuation are ongoing. JSW is also pursuing a partnership with Chinese firm Chery Automobile to build cars in India.