AutomotiveBusiness & FinanceDealsPoliticsTechnology
03 March 2022, 11:05 pm. 1 minute
Reuters exclusively reported that MG Motor India, which is owned by China’s SAIC Motor, plans to raise funds to develop its Indian electric mobility business, as Chinese investments face increased scrutiny by the government in New Delhi. MG Motor India may try to sell a stake of between 10% and 30% and is looking at options including issuing new shares or diluting SAIC’s holding, adding that it may even create a separate unit for its electric vehicle business in India.
Article Tags
Topics of Interest: AutomotiveBusiness & FinanceDealsPoliticsTechnology
Type: Reuters Best
Sectors: Business & FinanceIndustrial Goods & ManufacturingTransport & Logistics
Regions: Asia
Countries: ChinaIndia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
