Chinese state-owned auto firm SAIC Motor is set to reduce its 49% shareholding in its Indian joint venture (JV), amid ongoing geopolitical tensions between China and India, as reported by Reuters, citing sources. The reduction in stake by SAIC follows India's 2020 regulatory changes that curtailed investments from neighbouring countries, which was largely interpreted as a counter to Chinese capital inflows. A border conflict in the same year escalated tensions between the two nations. Despite diplomatic ...