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.
What happened
SAIC will sell another 10% of JSW MG Motor to JSW Group, making JSW the largest shareholder at 45%. SAIC plans to reinvest ~6 billion rupees into new EV and
Key facts
- 10% stake
- 49% to 39%
- JSW stake to 45%
- $1.2 billion valuation
- 6 billion rupees reinvestment
- $418 million planned investment
- 300,000 units capacity
Why this matters
This staged SAIC divestment under regulatory pressure is a template for other China-India JVs, opening a window for Indian conglomerates to acquire majority control of established auto platforms at sub-strategic valuations.