JSW Group-MG Motor venture aims to sell 1 million EVs in India by 2030
Wed, Mar 20, 2024 1:17 PM

JSW Group-MG Motor venture aims to sell 1 million EVs in India by 2030

A Flip by Avya Verma
Get it on Google Play
The joint venture between India's JSW Group and MG Motor, which is owned by China's SAIC Motor 600104.SS, is targeting 1 million electric vehicles sold in India by 2030, an executive for the JSW Group said on Wednesday. The venture plans to foray into the premium passenger vehicle segment, the companies said in a joint statement. MG Motor has two electric car offerings in India.

More great flips

Singh is King! Sensex surged nearly 5 times when Manmohan Singh was PM

Singh is King! Sensex surged nearly 5 times when Manmohan Singh was PM

India's headline index BSE Sensex surged 398% or nearly five times between 2004 and 2014, climbing from 4,961 to 24,693, when then Prime Minister Manmohan Singh was at the helm. The 30 stock index ended positive on 8 out of 10 occasions during his tenure. The highest Sensex return of 81% came in 2009 followed by 47%, each in 2006 and 2007. In 2004, 2005, 2010, 2012 and 2013.

Open Flip
Motilal Oswal AMC pauses fresh SIP inflows into two international funds

Motilal Oswal AMC pauses fresh SIP inflows into two international funds

Motilal Oswal Mutual Fund has paused fresh SIP contributions into its two international funds starting January 5, 2025, after the AMC hit the overseas investment limit. Motilal Oswal S&P 500 Index Fund and Motilal Oswal Nasdaq 100 Fund of Fund, both open-ended schemes will not be accepting fresh instalments after the cut-off date. However, the SIP registrations remain active.

Open Flip
Bitcoin ETFs, halving, the WazirX fiasco and Trump trades

Bitcoin ETFs, halving, the WazirX fiasco and Trump trades

The last few years have not been kind to the cryptocurrency market. In 2022, FTX, one of the largest global crypto exchanges, filed for bankruptcy, and token prices have seen wild swings in the past couple of years. But the crypto industry was in for a surprising upswing in 2024.This year was marked by the institutionalization of key tokens including Bitcoin and Ethereum as their exchange-trade.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon