to india now, where china—owned mg motors and indian conglomerate jsw group have entered into a newjointmpanies have charted an ambitious roadmap for electric vehicle production. it comes days after the indian government announced more support for the industry. nikhil inamdarjoins us now from mumbai. nikhil, give us the details. that's right. if you remember, jsw group had required a 35% stake in mg motors in december 2023 and now they have announced this massive, massive ev push. they want to roll out 1 million electric vehicles by 2030 and have a one third market share and have invested $600 million already in this joint venture and they want to focus on the premium segment of the electric vehicle, producing roughly one or two variants every year. they only have two models in india. they also say they want to help mg india two triple production in india. this comes off the back of that big policy change where the indian government essentially slashed import duties from as high as 100% to 15%, conditional on a $500 million investment by ev makers and setting up and rolling out an easy f