GK and monthly revision

JSW taps KKR to drive in MG Motors JV with $400 mn investment

JSW Group, led by Sajjan Jindal, is collaborating with KKR to invest $400 million in a joint venture with MG Motors, aiming to capitalize on the growing electric vehicle (EV) market in India. This investment is significant as it reflects a doubling of MG Motors' valuation to $3 billion within three years, positioning JSW as the largest shareholder in India's third-largest EV passenger car manufacturer. The move highlights the increasing interest in EVs and the strategic partnerships forming in this sector.