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JSW Group eyes multiple global auto OEM alliances

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Indian conglomerate JSW Group, headed by Sajjan Jindal, is reportedly considering forging multiple alliances with automobile original equipment manufacturers (OEMs) in India. JSW has already signed a share purchase agreement with Chinese state-owned SAIC, parent company of MG Motor India, to establish a joint venture (JV). The group is also said to be in talks with German automaker Volkswagen for a potential separate JV. JSW Group aims to become a common shareholder in both JVs. Volkswagen has been interested in partnering in India to strengthen its position in the Indian market.

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