New Delhi: MG Motor India expects an accelerated growth path with more aggressive expansion plans after getting the JSW Group as an investor, according to company CEO Emeritus Rajeev Chaba.
With the company already establishing a well laid foundation based on technology, customer experience, gender diversity and community service in the first phase of its journey in the country, he said MG Motor India is now looking ahead to the next phase of growth. "Now with the investor coming in, definitely I would expect an accelerated growth path, and more aggressive expansion plans. That's what we look forward to and take advantage of the solid foundation," Chaba told. He was responding to a query on how MG Motor India was looking ahead with the new investor coming in but declined to share details on the future roadmap citing an impending announcement by the joint venture between China's SAIC Motor and JSW Group next week. Last year in November, China's largest automaker SAIC Motor had inked a joint venture agreement with the JSW Group in order to accelerate the transformation and growth of MG Motor in India. MG Motor is a British brand that is owned by Shanghai-headquartered SAIC Motor. JSW Group will hold 35 per cent in the Indian JV operations. SAIC will continue supporting the joint venture with advanced technology and products to deliver mobility solutions with a focus on the Indian consumer, as per the agreement.
