JSW readies own EV brand

JSW Group, which had entered into a joint venture with China's largest automaker SAIC Motor earlier this year to manufacture and retail MG Motor's electric vehicles (EVs), is now gearing up to launch its own EV brand.

- FE BUREAU

In an interview with the Financial Times, JSW Group chairman Sajjan Jindal said the company does not want to serve as an "outpost of a Chinese company". "Our idea is not to be an outpost of a Chinese company to sell products in India. We want to manufacture the products in India, value-add in India, and sell in India," Jindal said.

He also said that JSW's planned car plant in Aurangabad, Maharashtra, will be dedicated to this new EV-focused venture.

Jindal, however, did not provide additional details about the specific models or investment plans, according to the FT report.