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

JSW Motors will unveil its new energy vehicle brand on Diwali 2025, open bookings in November and begin deliveries late December with a rebadged Chery Jetour T2 priced above ₹35 lakh. A 500,000-unit Maharashtra plant anchors plans for 15 models in four years, intensifying competition with Tata, Mahindra and JSW MG.

Business Standard · Companies · 5/28/2026, 5:47:23 PM

JSW MG Motor India unveiled the Majestor, India's first D+ SUV, priced at Rs 40.99-44.99 lakh ex-showroom. Bookings open at Rs 41,000 token via dealerships and online. The twin-turbo diesel SUV with Level 2 ADAS and 4WD targets Toyota Fortuner's segment, backed by a 70% buyback offer.

ET Small Business · 5/27/2026, 7:56:48 AM

JSW Motors has secured an 80 billion rupee ($826 million) facility from State Bank of India with a 10-year-plus tenor to fund a greenfield EV manufacturing site in Maharashtra. The deal underwrites India's first new homegrown auto brand in decades, positioning JSW alongside JV partners SAIC and Chery in a market where credit growth is running at 13-14.5%.

ET Small Business · 5/21/2026, 4:30:16 AM