The share purchase and share subscription agreement was signed by the president of SAIC, Wang Xiaoqiu, and JSW group s Parth Jindal at MG Motor s UK headquarters in London  with the objective of accelerating the transformation and growth of MG Motor in India .SAIC Motor and JSW group will create strategic synergies by bringing together resources in the field of automobiles and new technology, the statement said.
SAIC Motor and JSW Group signed an agreement to accelerate MG Motor's growth in India through strategic synergies in automobiles and new technology.