MG Motors Plans To Sell Majority Stake Says Rajeev Chaba Of MG Motors

MG Motor India plans to offer majority stakes to local partners over the next 2 to 4 years as part of a five-year business roadmap in the country. The company will also set up a new plant in Gujarat to ramp up capacity. The move is also seen as a measure to distance itself from Chinese origins and have a clear roadmap. Business Today TV's Associate Editor Chetan Bhutani caught up exclusively with Rajeev Chaba, CEO Emeritus at MG Motor India and asked him about the investments and the proposed IPO.