JSW To Gain Control As SAIC Plans 10% Stake Sale In MG Motor India JV

JSW Group is likely to strengthen its control over JSW MG Motor India, with SAIC Motor reportedly planning to sell another 10 percent stake in the joint venture to its Indian partner. The proposed transaction would mark another important shift in MG’s India ownership structure and could make JSW Group the largest individual shareholder in the company.

As per reports, SAIC Motor currently holds 49 percent in JSW MG Motor India, while JSW Group owns 35 percent. After the proposed stake transfer, JSW’s holding is expected to rise to 45 percent, while SAIC’s stake will come down to 39 percent. The remaining stake is held by other Indian investors, dealers and employees. The deal is reportedly under discussion and could be closed within a month.

Why SAIC Is Reducing Its Stake

SAIC’s stake reduction is largely linked to tighter scrutiny of Chinese investments in India. By increasing Indian ownership through JSW, MG Motor India could gain greater flexibility for future investments and expansion. Despite lowering its stake, SAIC is expected to reinvest around ₹6 billion in the joint venture to support upcoming EV and hybrid launches, indicating its continued commitment to the Indian market..

Ownership Structure: Current vs Proposed

Shareholder	Current Stake	Proposed Stake
SAIC Motor	49%	39%
JSW Group	35%	45%
Other Indian investors, dealers & employees	16%	16%

Once completed, JSW will become the largest individual shareholder in JSW MG Motor India. This would be a symbolic as well as strategic shift, as MG’s India operations would become increasingly India-led while still retaining access to SAIC’s global technology and platforms.

What This Means For MG Motor India

The change in shareholding could strengthen MG’s local positioning and support faster expansion. With plans for new models, higher localisation and increased production capacity, MG aims to grow its presence in India’s EV and hybrid vehicle market.

Why This Is Important For JSW

For JSW Group, the deal strengthens its presence in India’s auto sector by giving it greater control over an established brand, manufacturing base and EV portfolio. A larger stake could also help MG strengthen its local positioning and accelerate future growth.

The stake sale marks another step in MG Motor India’s transition toward a more India-led structure. While SAIC will continue to provide technology and product support, a larger JSW role could help MG strengthen localisation, expand faster and compete more effectively in India’s growing EV and hybrid market. If completed, the move could make MG a stronger and more locally rooted player in the country.