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China’s SAIC to sell 10% more equity in JSW MG Motor – report
Key takeaways
- China’s SAIC to sell 10% more equity in JSW MG Motor – report.
- Under the proposed transaction, SAIC s holding in the Indian electric vehicle (EV) joint venture would fall from 49% to 39%, while JSW s stake would climb to 45%.
- According to the report, JSW expects the deal to close within a month, with SAIC having already agreed to the terms.
China’s SAIC to sell 10% more equity in JSW MG Motor – report. The financial value of the transaction was not disclosed. Credit: Carismarkus.ch / Shutterstock.com · Just Auto · Carismarkus.ch / Shutterstock.com Shubhendu Vimal Mon, June 1, 2026 at 5:27 PM GMT+7 2 min read 600104.SS JSW Group is set to become the single-largest shareholder in JSW MG Motor after acquiring a further 10% stake from Chinese partner SAIC Motor, Reuters reported citing unnamed sources.
Under the proposed transaction, SAIC s holding in the Indian electric vehicle (EV) joint venture would fall from 49% to 39%, while JSW s stake would climb to 45%.
According to the report, JSW expects the deal to close within a month, with SAIC having already agreed to the terms.
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