China’s SAIC Motor to cut stake in Indian JV
SAIC ventured into the Indian market in 2019 with its MG Motor brand. Credit: Robert Way/Shutterstock.com. Chinese state-owned auto firm SAIC Motor is set to reduce its 49% shareholding in its Indian joint venture (JV), amid ongoing geopolitical tensions between China and India, as reported by Reuters, citing sources. The reduction in stake by SAIC…