China’s MG Motor Venture Bringing Electric Sports Car to India

(Bloomberg) — A joint venture between China’s SAIC Motor Corp. Ltd. 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 demand for electric vehicles is still growing rapidly.

JSW MG Motor India Pvt. will bring Cyberster to India, Sajjan Jindal who leads the JSW Group told reporters at an event in Mumbai Wednesday. He didn’t give a timeline for its launch or expected pricing, however. The Cyberster is also expected to start selling in Europe later this year.