MG’s China connection prompts scrutiny for PLI benefit for EV manufacturing

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’s China connection prompts scrutiny for PLI benefit for EV manufacturing

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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.