MG an Indian company, will now receive the same level of respect as Tata and Mahindra.

Chinese company Hey brother, you have a Chinese car. Chinese box, Who will take this Chinese cart? We are insulting MG Motors too much. That is bro, it is a Chinese company. We will not take this company. Now the company has officially become Indian. Like we treat Mahindra and Tata Motors in India Now we will have to treat this company like this.

And I asked on my whatsApp, You can also join, it’s very interesting. This is how questions & answers are asked there Which counter of MG Operations in India did they take. Our first option is MS Dhoni (Thala). Second option is Anand Mahindra The third option is Sachin Jindal. And the fourth option is Ratan Tata.

MG an Indian company

Sachin Jindal got 77 votes in total. Our community is very smart, it voted for Sachin Jindal. He bought the operations of MG India. And friends, 34 people have voted for MS Dhoni including me. Many people think that MS Dhoni bought India’s MG operations. 

But bro, They did not buy MG India’s operations. Sanghai Automotive Industry Corporation has purchased MG UK in 2007. It is a big brand and they had very bad cars. So why don’t we buy them and make wonderful cars in their name. Together with GM in this time They were selling many cars in China.

And GM was working very well in India. Friends, what is the problem? After 2014, GM started performing very poorly in India. There cars were not selling and no one was liking them. No new vehicle was not launched in India. They exited the Indian operations in 2016 and also closed their Halol plant. Friends, here Chinese SAIC saw a good opportunity.

Because they are already working with GM in China. They knew how GM make cars, SIAC also make like them. So they thought why not take the GM plant of India and make there own cars by their name. And sell good cars in India. Even though GM has failed in India. We will launch affordable cars, we will try the Indian market.

And then in 2017 they registers a company named MG Motors India Private Limited in India. So this means that they do not sell cars in India in their own name, they are going to sell in the name of MG Which is a very smart move. Because in 1924 India sold cars in MG. But Already MG has a very strong brand value, as compare to SAIC.

MG an Indian company

Feel ashamed even saying SAIC. Brother, what kind of car do you have? I have SAIC. MG is still fine Then it launches Hector in 2019 for around Rs 12 lakh. It’s quite decent price . This vehicle gets a very strong response and then this brand unveils its Gloster Then unveil Aster, then ZSEV. But friends, the problem is that in last 2-3 years the sales of this company have almost taper off and have become almost saturated.

Around 50,000 unit for per year, if this brand has to be done above this So this brand needs more investment And SAIC is not ready to invest much because they are scared of the Indian Government. Because our Indian Government had already put a stop in investment on BYD and Wall Also, a lot of investigation is going on Indian operations of Chinese companies.

Brother, they are making high profit but they are not paying tax on the profit to the Government of India. Because a lot of investigation is going on, So SAIC is afraid that if we invest the money and the government blocks the money then what will we do? That’s why they have been looking for Indian partners for a long time to run their Indian operations.

Who can invest money with them and grow their India operations. It can reduce their risk and both parties can earn lot of money. Some time ago news was coming that many Indian companies are interested in this. Like Reliance Group or Hinduja groups, or Jindal Group or Tata Motors or some were saying about Mahindra It has valuation of around 80,000 crores.

That’s why people were also saying this because it is very difficult to setup a car company. MG has already built a strong brand value. Also, if they get more investment, they can create even better money. There are so many mosquitoes around my house, I don’t know why. Imagine if Tata Motors or Mahindra had bought it, then what a great title we would have? How wonderful our views would have been.

And anyway this brand would have got a good upliftment. Because these brands have strong reach in the market. They can conquer quite well. Obviously these brands have ₹ 35,000-40,000 crore cash lying there to invest in MG. The one whose valuation is Rs 80,000 crore was obviously too much. That much valuation can’t be obviously because Mahindra has a valuation of Rs 2 lakh crore in India.

MG an Indian company

Force Motor’s has a valuation of 4,000 crores. So MG Motor is selling cars at less than them and is asking for almost 20 times more valuation from them. But friends, now JSW has officially bought a huge portion of MG motors for India operation. it has also been confirmed. Now this is no such Skeptical news.

Subscribe for more such news. In which JSW Group Chairman Sachin Jindal and SAIC President Wang Xiaoqui met in MG headquarters at UK. And signed this deal. In which JSW Group is currently going to buy 35% stake in MG Motors India Private Limited. And in the coming time he will make his majority stake by investing some more around 51%.

With this, this company will no longer be a Chinese company and will become a completely Indian company. Because the majority stakes owned by Indians only, Around 5-6% stake is of employees. So brother, now it has become an Indian company. We used to make fun of it, no one can make fun of it. In the coming days, brother, just like you respect Tata Motors or Mahindra, Similarly, you can also give respect to this company, if not completely, then a little atleast.

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Because profits are coming in India more than half. Because JSW group holds 35% stake in this company.. So valuation is not confirmed yet. You can assume it to be around Rs 10,000 crore. So JSW group is going to invests between Rs 2,000- 4,000 crore in this company. And this will be used to increase the production output and scale of the company.

It is not that any promoters should exit, owners exit or selling their shares. And in this SAIC still provide their support and provide their new models. So that MG can launch in India by changing them. They will provide better technology and whatever technology they are making in the international market.

All that is going to be given to this Indian group. So that it does not happen that SAIC has washed its hands that now we are not going to support anything because our share was sold. They will fully support and also launch new cars in India. So that this company will grow One, there are a lot of mosquitoes around me.

MG an Indian company

I am sad, I am making video Even though it’s 2:00 every night, it doesn’t matter, It’s for you carversal brothers. And also this JSW Group will focus on expanding its Indian operations. Will also focus on its Indianisation. Most of the parts of cars this company come from outside market, specially from China.

But now this brand is focusing on the Indianisation of its parts For example, the small motherboards, electrical parts or lights etc. And also, JSW steel is a strong steel manufacturer then whatever steel it is going to use in car. They will source directly from there. Will bring raw material from the company and sell it by their own and will conquer the market very well.

Oh My God! This is very good And in this the President of SAIC speaks The automobile business is a global industry, And like any other similar industry, access and collaboration are crucial for its healthy growth. Wow! What a line. Wang Xiaoqui wow! We are very pleased. And he also says SAIC has always adhered to the ‘win-win cooperation Our approach are core capabilities and expanding our scale of production and sales in the growing Indian automotive market Both partners shall work closely to bring in the best of innovation,

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in creating greener and smaller mobility products and serving for our consumers. Seizing market opportunities, continuously expanding the brand influence and market share of a products, and achieving greater success for MG in India. Wow! What a line! Mr. Wang Xiaoqui, you are a very good person. After this the Chairman of Jindal’s JSW Group says We would like to thank SAIC and MG motors for choosing JSW as their partners of their choice and look forward to build one of India’s largest automobile companies together

The rich history of the MG brand is known to all and its success is there for all to see and it is truly an honour to be able to take this brand and company forward alongside a strong global partner in SAIC. They are saying, “We cannot wait to get along.” Brother, it has taken 6-7 months, and talks have been going on for the last 6-7 months.

But obviously, it takes more time. So who knows, its service may get spoiled in the coming days. I mean I’m kidding. This was today’s video. If you like it then please like, share and subscribe. And join to our WhatsApp channel, it is a lot of fun to talk there.