Branch2 Intelligence
JSW taps KKR to drive in MG Motors JV with $400 mn investment
Key takeaway
JSW Group partners with KKR to invest $400 million in MG Motor India JV, doubling valuation to $3 billion.
- Step 11st-order: JSW and KKR invest $400 million in MG Motor India JV, doubling valuation to $3 billion.
- Step 22nd-order: JSW becomes largest shareholder, gaining strategic control and accelerating EV production in India.
- Step 33rd-order: Increased Indian EV production raises demand for imported EV components, benefiting UK-based suppliers.
- Step 44th-order: UK SMEs in EV supply chain see revenue growth from Indian OEM orders, but face margin pressure from competitive pricing.
Source: Economic Times (Markets)
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