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JSW Motors Sets Sights on India’s EV Future with $3 Billion Investment

JSW Group has launched a new automotive company, JSW Motors, to manufacture and sell electric and hybrid vehicles in India. This move is separate from its existing joint venture with MG Motor India. Over the next five years, JSW plans to invest up to $3 billion to develop a range of new energy vehicles (NEVs), with the first model expected to hit Indian roads in H2 FY26.

The company is building a large automotive hub in Bidkin, Maharashtra, and is partnering with global firms from Italy, Germany, South Korea, and China to bring in world-class design, precision engineering, advanced welding, and EV technologies. All vehicles will be manufactured in India under the JSW brand.

JSW Motors aims to make affordable, high-performance EVs, hybrids, and plug-in hybrids, combining global technology with India's strengths in digital innovation and supply chain. CEO Ranjan Nayak emphasized the goal to localize key technologies and create a robust domestic EV ecosystem—reducing oil dependency and pushing NEV penetration to 50%.

This strategic move positions JSW as a strong contender in India’s fast-growing EV market, following the success of its MG Windsor EV. The company hopes to disrupt the sector by offering sustainable, high-quality, and competitively priced vehicles.