MG in talks for contract mfg with VW, M&M-Ford

MG Motor is in talks with Volkswagen as well as the Mahindra-Ford JV to lease out their plants for contract manufacturing its cars in India. The move comes as the company — a British brand but a subsidiary of China’s SAIC — faces increased government scrutiny in view of the border tensions between India and China, especially when it comes to fresh investment plans.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3nmwjZP

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