JSW Steel Limited gained over 2 % in morning trade on September 1 due to reports of discussions with Chinese automaker Leapmotor. The talks revolve around licensing technology to manufacture electric vehicles (EVs) in India. JSW Steel plans to use Leapmotor’s platform to produce EVs under its own brand name, aiming to enter the growing EV market. The discussions, although private, align with JSW Steel Chairman Sajjan Jindal’s public interest in EV manufacturing in India. Earlier reports indicated that JSW Group’s promoter entities were exploring partnerships with Chinese electric car manufacturers to launch an EV in the Rs 15-20 lakh price range for the Indian market.
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