Indian conglomerate JSW Group and Chinese automotive manufacturer SAIC Motor-owned MG Motor India today kick-started their joint venture to produce both electric and internal combustion engine cars to capture a large chunk of the Indian market.
In the joint venture, JSW group will pick up 35 per cent stake, Indian financial institutions 8 per cent, MG dealers 3 per cent and employees 5 per cent, taking the total to 51 per cent. The stakeholders together will invest Rs 5,000 crore in the first phase, which will be utilised to ramp up the existing capacity and launch new vehicles. The joint venture is targeting to sell one million electric vehicles in India by 2030.
There are plans to launch a new product, including NEVs (new energy vehicles) every three to six months, with two new products slated to be launched this year.
Also, the company will expand its production capacity in Halol, Gujarat, with a focus on producing NEVs. This will significantly increase the production capacity from the current 1,00,000 plus to up to 3,00,000 vehicles annually. Source: TNS
Your place is valueble for me. Thanks!…
I simply could not go away your web site before suggesting that I extremely enjoyed the standard information an individual supply in your visitors? Is going to be again continuously to investigate cross-check new posts
Hello! This post could not be written any better! Reading this post reminds me of my old room mate! He always kept chatting about this. I will forward this page to him. Fairly certain he will have a good read. Thanks for sharing!
An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!
At this time it appears like BlogEngine is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
Spot on with this write-up, I actually assume this website needs rather more consideration. I’ll probably be once more to learn much more, thanks for that info.
It’s really a great and helpful piece of info. I am satisfied that you shared this useful information with us. Please stay us up to date like this. Thank you for sharing.
I reckon something genuinely special in this web site.
I got what you mean , appreciate it for putting up.Woh I am thankful to find this website through google. “I would rather be a coward than brave because people hurt you when you are brave.” by E. M. Forster.
I have been absent for some time, but now I remember why I used to love this website. Thanks, I’ll try and check back more frequently. How frequently you update your website?
I was examining some of your blog posts on this internet site and I conceive this internet site is really instructive! Continue posting.
Very interesting topic, thankyou for putting up.
I am really loving the theme/design of your website. Do you ever run into any internet browser compatibility problems? A small number of my blog readers have complained about my blog not working correctly in Explorer but looks great in Opera. Do you have any suggestions to help fix this issue?
I truly appreciate this post. I’ve been looking everywhere for this! Thank goodness I found it on Bing. You’ve made my day! Thx again