JSW Group may foray into four-wheeler EV manufacturing business

2 Jan 2023 , 12:36 PM

According to a top JSW Group official, the Sajjan Jindal-led conglomerate is considering a foray into electric vehicle manufacturing.

EV manufacturing is being actively discussed at the group level, he said, while revealing JSW Group’s plan to expand its presence into more sectors.

The official also hinted that the group plans to manufacture four-wheeler EVs. The details are yet to be decided.

JSW Steel, a subsidiary of JSW Group, owns and operates a one million tonne per annum (MTPA) steel plant in Salem, Tamil Nadu. At its Salem plant, the company produces auto-grade steel and sells it to automakers, including EV manufacturers.

Furthermore, the USD 22 billion conglomerate has a significant presence in industries such as energy, infrastructure, cement, paints, venture capital, and sports.

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