JSW Group, a leading Indian conglomerate, is set to expand its presence in the electric mobility sector. The company, which already partners with China’s SAIC in the electric vehicle (EV) space, aims to diversify its portfolio by entering the electric bus, truck, and car markets, alongside battery manufacturing. To achieve this, JSW is actively collaborating with multiple technology partners.
Parth Jindal, Director of JSW MG Motor India, shared the company’s vision at the Bharat Mobility Global Expo. He emphasized that despite efforts by competitors, the new energy vehicle sector remains underdeveloped. “JSW is committed to entering this space with a focus on buses, trucks, and cars. We are also investing in Aurangabad to strengthen our mobility business,” Jindal stated.
The group plans to invest around $1 billion to develop an independent line of EVs under the JSW brand. While work has already begun at its Aurangabad facility, JSW is also considering setting up a new manufacturing plant in Odisha. Jindal clarified that the Odisha plan is a future possibility, not an immediate shift. “We are keeping Odisha as an option for future investments, but it will take over two years to materialize. As a group, we are always exploring opportunities across various states,” he added.
JSW’s joint venture with MG Motor continues to show strong potential. Jindal highlighted that the partnership has only just begun to tap into the Indian market. “With JSW MG, we’ve only scratched the surface. The joint venture holds significant promise. Currently, we hold a 1.5% market share, but JSW aims to be among the top three players in every industry we enter,” he said.
The company’s broader vision is to become a leader in new energy vehicles while scaling its operations. Jindal emphasized that JSW is not seeking equity partners but rather technology collaborations to achieve its goals. “With JSW MG and our wider mobility initiatives, we aim to capitalize on the immense opportunities in this sector,” he concluded.
About JSW Group
JSW Group is one of India’s largest conglomerates, with interests spanning steel, energy, cement, infrastructure, and paints. Founded by Sajjan Jindal, the group has built a reputation for operational excellence, innovation, and sustainability. Its flagship company, JSW Steel, is one of India’s top steel producers, known for its advanced technology and commitment to environmental initiatives.
This expansion into electric mobility marks another strategic step for JSW as it continues to diversify and innovate in line with global trends toward sustainable energy solutions.
