Three sources told Reuters that MG Motor India, which is owned by China’s SAIC Motor, plans to raise cash to expand its Indian electric mobility business, as Chinese investments are increasingly scrutinised by the government in New Delhi. According to one of the sources familiar with the plans, MG Motor India may try to sell a stake of between 10% and 30%, and is considering options such as issuing new shares or diluting SAIC’s holding. It may also create a separate unit for its electric vehicle (EV) business in India. According to two individuals, the corporation is in talks with…