Hyperdrive
China’s MG Motor Venture Bringing Electric Sports Car to India
- Joint venture targeting India sales of 1 million cars by 2030
- ‘Cyberster’ also expected to be launched in Europe this year
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A joint venture between China’s SAIC Motor Corp. and India’s JSW Group plans to roll out a high-end electric sports car in India to capture a bigger slice of one of the few large markets where the electric vehicle segment is still growing rapidly.
JSW MG Motor India Pvt. will bring Cyberster to India, Sajjan Jindal who helms the JSW Group told reporters at an event in Mumbai Wednesday. He did not disclose key details such as the time line for launch or expected pricing. The Cyberster is also expected to start selling in Europe this year.