MG Motor India To Clock Swift Growth Says CEO Emeritus Rajeev Chaba

MG Motor India estimated a swift trajectory of growth and more assertive expansion strategies following the entry of the JSW Group as an investor, according to company CEO Emeritus Rajeev Chaba.

He stated that MG Motor India is now planning for the next stage of expansion, having previously created a solid foundation based on technology, customer experience, gender diversity, and community involvement during the company’s first phase of operations in the nation. “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 said, PTI reported.

Responding to queries about the company’s outlook with the new investor, Chaba refrained from divulging details about the future roadmap, citing an impending announcement by the joint venture between China’s SAIC Motor and JSW Group scheduled for the following week.

SAIC Motor And JSW Group Joint Venture Agreement

Last year in November, China’s leading automaker SAIC Motor had forged a joint venture agreement with the JSW Group to expedite the evolution and expansion of MG Motor in India. MG Motor, a British marque, is under the ownership of Shanghai-headquartered SAIC Motor.