The Centre Is Expected to Request an Investigation Into the MG Motor India and Vivo Accounts

Earlier in November, the MCA summoned the company’s directors and its auditor Deloitte to seek clarity on particular audit violations found during the investigation through its registrar of companies (RoC).

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The government had submitted a notice to the firm, questioning about the causes of its losses in the fiscal year 2019-2020

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The automaker emphasized its commitment to the highest compliance and governance standards, claiming that it is a law-abiding firm

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No automobile company can be profitable in its first year of operations,” MG Motor India stated.

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the Ministry of Corporate Affairs (MCA) has requested MG Motor India to clarify various suspected discrepancies in its records.

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The Ministry of Corporate Affairs in India has investigated the local business of Chinese automaker SAIC Motor Corp Ltd.

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