M&M, the Indian automaker Mahindra & Mahindra, is currently in discussions to acquire MG Motor India, the Indian subsidiary of Chinese automaker SAIC Motor. If the deal goes through, it would be a notable achievement for M&M, as it aims to expand its presence in the electric vehicle market.
MG Motor India, although relatively new to the Indian market since its entry in 2019, has swiftly established itself. This success can be attributed to the popularity of its electric SUV, the ZS EV, and its best-selling model, the Hector. The ZS EV has become the top-selling electric car in India, contributing to the growing awareness and acceptance of electric vehicles among Indian consumers.
M&M already holds a significant position in the Indian automotive market, particularly in the SUV and pickup truck segments. The company has also made notable strides in the electric vehicle sector with models like the e-Verito and e-KUV100.
Acquiring MG Motor India would greatly enhance M&M’s endeavors in the electric vehicle domain. The purchase would grant M&M access to MG Motor India’s proficient R&D team and their demonstrated expertise in developing and manufacturing electric vehicles. Furthermore, MG Motor India possesses a robust dealer network, which would be a valuable asset to M&M.