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CCI Approves JSW Group’s Acquisition of Stake in MG Motor India.

Economy & Business | Dated: 24 Jan 2026

The Competition Commission of India (CCI) has approved the acquisition of a 35% stake in MG Motor India by Sajjan Jindal-led JSW Group. The deal marks the entry of the Indian steel-to-energy conglomerate into the automobile sector. The partnership aims to launch new electric vehicle (EV) models in India.

🎯 Key Highlights:

  • MG Motor India is a subsidiary of China's SAIC Motor.
  • The joint venture focuses on increasing local sourcing and manufacturing.
  • JSW Group aims to create a comprehensive EV ecosystem.

💡 Other Important Facts:

  • Acquirer: JSW Group.
  • Target: MG Motor India.
  • Sector: Automobile (EV).

📚 Test Your Knowledge:

The CCI recently approved which Indian conglomerate's acquisition of a stake in MG Motor India?

Correct Answer: JSW Group

🚀 Quick Recap:

About CCI

  • Chairperson – Ravneet Kaur
  • HQ – New Delhi