Sajjan Jindal wants to repeat the success of Maruti, will triple the production of cars.

JSW-MG Motor Joint Venture: JSW Group Chairman Sajjan Jindal wants to give the country a Maruti moment once again. Sajjan Jindal on Wednesday said the joint venture between JSW Group and MG Motor wants to make the same impact in the country’s automobile sector as Maruti did in 1984. He said that JSW Group and China’s SAIC Motor-owned company MG Motor have joined hands to bring major changes in the country’s electric vehicle industry.

Sajjan Jindal wants to repeat Maruti’s success.

Announcing the joint venture, Sajjan Jindal said in Mumbai that Maruti had changed India’s automobile sector in 1984. We want to repeat this success with MG. Our JV will transform the EV sector in India. My dream is that we repeat the success of Maruti in the EV industry. 40 years ago, Maruti fulfilled the country’s dream of being a car owner by launching affordable and powerful cars.

Decided to triple the annual production.

JSW and MG Motor have decided to triple their annual production. The company said that the production capacity of MG Motor will be increased from one lakh units to three lakh units within a year. The two companies have decided to merge in December 2023. JSW Group will hold approximately 35% stake in this joint venture. JSW Steel, a JSW Group company, is the largest steel manufacturing company in the country. Apart from this, the group’s business is spread across several sectors.

The new Cyberstar model was launched in the EV segment.

On Wednesday, the company has launched a new model of the Cyberster EV in the EV segment. With this model, the joint venture will try to attract premium customers in the EV sector. MG Motor has launched two electric models in India. One of these small cars is the Comet EV. Also there is an SUV ZS EV.

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