KATHMANDU: Chinese automaker SAIC Motor is set to sell an additional 10 percent stake in JSW MG Motor India to the JSW Group, according to a Reuters report. Once the transaction is completed, JSW Group will become the largest shareholder…

KATHMANDU: MG Motor has launched the new MG Majestor in India with prices starting from 4.09 million Indian rupees for the Savvy 4×2 variant. The Savvy 4×4 variant is priced at 4.49 million Indian rupees . The Majestor becomes MG’s…

KATHMANDU: China’s SAIC Motor is preparing to reduce its stake in JSW MG Motor India and will stop making fresh investments. The company currently holds 49 % in the joint venture. The move follows India’s tighter rules on Chinese investments…