{"id":243283,"date":"2023-10-28T04:20:59","date_gmt":"2023-10-28T04:20:59","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=243283"},"modified":"2023-10-28T04:20:59","modified_gmt":"2023-10-28T04:20:59","slug":"sajjan-jindal-to-acquire-fords-chennai-factory","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/news-features\/sajjan-jindal-to-acquire-fords-chennai-factory\/","title":{"rendered":"Sajjan Jindal to acquire Ford&#8217;s Chennai factory"},"content":{"rendered":"<h2>Jindal could initially get over 30% stake in the company with MG Motor continuing to control a majority stake<\/h2>\n<p>According to a media report, Sajjan Jindal, Chairman and Managing Director of the JSW Group, is all set to acquire Ford\u2019s Chennai plant.<\/p>\n<p>Reports suggest that the steel magnate is setting up a new company by buying a sizeable stake in MG Motor India. He is also said to be in talks with China-based Leapmotor to license their EV technology.<\/p>\n<p>It has been reported that Jindal is looking to acquire 45-48% of MG Motor India after the wholly-owned subsidiary of China-based SAIC Motor decided to dilute its stake. The Hero Group, Reliance and Premji Invest were also said to be in the race to acquire the automaker.<\/p>\n<p>As per the latest reports, Jindal could initially get over 30% stake in the company with MG Motor continuing to control a majority stake along with local financial institutions and employees. There are plans for an IPO that would give the Jindal entity a controlling stake.<\/p>\n<p>Source: <a href=\"https:\/\/www.team-bhp.com\/news\/sajjan-jindal-acquire-fords-chennai-factory\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jindal could initially get over 30% stake in the company with MG Motor continuing to control a majority stake According<\/p>\n","protected":false},"author":2,"featured_media":243282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sajjan Jindal to acquire Ford&#039;s Chennai factory - AutoMotoBuzz.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/automotobuzz.com\/news-features\/sajjan-jindal-to-acquire-fords-chennai-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sajjan Jindal to acquire Ford&#039;s Chennai factory - AutoMotoBuzz.com\" \/>\n<meta property=\"og:description\" content=\"Jindal could initially get over 30% stake in the company with MG Motor continuing to control a majority stake According\" \/>\n<meta property=\"og:url\" content=\"https:\/\/automotobuzz.com\/news-features\/sajjan-jindal-to-acquire-fords-chennai-factory\/\" \/>\n<meta property=\"og:site_name\" content=\"AutoMotoBuzz.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-28T04:20:59+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/automotobuzz.com\/wp-content\/uploads\/2023\/10\/Sajjan-Jindal-to-acquire-Fords-Chennai-factory-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/automotobuzz.com\/news-features\/sajjan-jindal-to-acquire-fords-chennai-factory\/\",\"url\":\"https:\/\/automotobuzz.com\/news-features\/sajjan-jindal-to-acquire-fords-chennai-factory\/\",\"name\":\"Sajjan Jindal to acquire Ford's Chennai factory - AutoMotoBuzz.com\",\"isPartOf\":{\"@id\":\"https:\/\/automotobuzz.com\/#website\"},\"datePublished\":\"2023-10-28T04:20:59+00:00\",\"dateModified\":\"2023-10-28T04:20:59+00:00\",\"author\":{\"@id\":\"https:\/\/automotobuzz.com\/#\/schema\/person\/74db1979fe71b5ea01513ec1ce5bc609\"},\"breadcrumb\":{\"@id\":\"https:\/\/automotobuzz.com\/news-features\/sajjan-jindal-to-acquire-fords-chennai-factory\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/automotobuzz.com\/news-features\/sajjan-jindal-to-acquire-fords-chennai-factory\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/automotobuzz.com\/news-features\/sajjan-jindal-to-acquire-fords-chennai-factory\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/automotobuzz.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News &amp; 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