MG’s China connection prompts scrutiny for PLI benefit for EV manufacturing
Wednesday, 30 October 2024 ()
MG Motor's expansion plans for electric vehicle manufacturing in India face delay due to scrutiny by an inter-ministerial panel. Changes in ownership structure, with a majority Indian stake through JSW Group, aim to bypass restrictions on Chinese investments and secure production-linked incentive benefits.
MG Motor's expansion plans for electric vehicle manufacturing in India face delay due to scrutiny by an inter-ministerial panel. Changes in ownership structure, with a majority Indian stake through JSW Group, aim to bypass restrictions on Chinese investments and secure production-linked incentive benefits.
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