JSW tweaks auto top deck before EV, truck launch

Sajjan Jindal-led JSW Group has introduced a series of changes to the boards of at least two ofits auto companies and changed the holding company of its component business between August and September, as the conglomerate gears up to launch cars and trucks next financial year.

- Ayaan Kartik

Chief executives of the group's passenger vehicle (PV) and commercial vehicle (CV) businesses stepped down from the board of JSW Green Mobility in August to focus on their own verticals, a Mint review of statutory filings showed. JSW Green Mobility is the parent company of JSW's various auto businesses.

JSW Green Mobility hastwo subsidiaries, JSW Motors and JSW Greentech Ltd. Green Mobility is mostly funded through JSW Projects. All the auto businesses are privately held.

Changes

JSW Green Mobility's chief of business Rajiv Mehta has joined the company's board, even as Sumit Mittal, chief executive officer (CEO) of the CV business and Ranjan Nayak, CEO of the PV business stepped down. Mehta had joined JSW in September last year, after 27 years at Mahindra and Mahindra.

Other directors on JSW Green Mobility board include JSW Holdings CEO Manoj Mohta and JSW Projects chief financial officer Bhushan Prasad.