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SAIC to offload another 10% in JSW MG Motor, making JSW the largest shareholder at 45%
China's SAIC will cut its stake in the Indian JV from 49% to 39% as JSW Group rises to 45%, valuing the venture at $1.2B. SAIC plans to reinvest ~6B rupees into new EV and hybrid launches, with $418M earmarked to lift capacity toward 300,000 units amid India's curbs on Chinese capital.
CNBC-TV18 · Companies · 5/30/2026, 4:06:27 AM