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China’s SAIC Motor to dilute stake in MG Motor India: Reliance, Hero Group in negotiations to buy equity

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With continuing tensions on the Indo-China border, it has been often reported that companies with Chinese links have been facing hurdles in getting approvals for fresh investments. According to the TOI report, sources have confirmed that MG Motor India has been waiting for government approval to raise funds from parent SAIC, for around two years now.

from Auto News: Upcoming Cars and Bikes, New Launches, Price and Reviews | Times of Indiahttps://timesofindia.indiatimes.com/photo/100152685.cms

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