JSW Set to Launch its own EV Brand

JSW Group is set to launch its own EV brand and enter a competitive market that already features Tata Motors, Mahindra, and Hyundai.

Dec 9, 2024

According to a report, JSW Group is gearing up to launch its own EV brand, signaling its intent to become a major player in India’s fast-growing EV sector.

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The steel giant acquired a 35% stake in MG Motor India from SAIC, earlier this year. JSW’s planned car plant is expected to be placed in Aurangabad, Maharashtra, will be dedicated to this new EV-focussed venture.

By launching its own EV brand, JSW is set to enter a competitive market that already features Tata Motors, Mahindra, and Hyundai.

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The company, however, did not provide any details about the specific models or its investment plans.