MG Motor is likely to dilute its shareholding in its fully-owned business in India as it aims to tap the capital market or raise funds through a financial or strategic investor, TOI reported on Monday.
MG Motor is a British brand that was acquired by China‘s largest automaker SAIC Motor. SAIC entered the Indian market through the MG Motor brand and launched its first car here in 2019.
While MG Motor’s cars have found success with Indian consumers, the company’s proposal to bring more capital…
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