New Delhi, Oct. 26 -- JSW Group is looking to increase its stake in JSW MG Motor India Pvt. Ltd, but its Chinese partner Saic Motor continues to play a central role in the carmaker's supply chain. Nearly 70% of the joint venture's purchases in the financial year 2026 (FY26) came from Saic-linked firms, taking their total business with the Indian carmaker to about $840 million, including royalty and licence fees, regulatory filings show.

The numbers underscore the scale of the company's dependence on Chinese supplies and challenge of increasing local sourcing.

A review of the Indian joint venture's FY26 accounts filed with corporate affairs ministry shows transactions with Saic-linked entities of about $840 million, including purchases o...