JSW Group's Bold Move into Clean Mobility

In a significant push towards clean mobility, the JSW Group has announced a staggering investment of nearly Rs 17,000 crore in its automobile sector. This ambitious plan includes the expansion of its joint venture with Chinese SAIC-owned MG Motor and the establishment of a new manufacturing facility.

Expanding Horizons: New Factories and Brands

Under the leadership of director Parth Jindal, the group is set to enhance the capacity of its Halol factory in Gujarat from 1.1 lakh units annually to 2.5 lakh units by 2026. Additionally, a new greenfield project in Odisha is on the cards, promising an investment of over Rs 4,000 crore and an annual capacity of 2.5 lakh units. The JSW Group is also gearing up to launch an all-new 'JSW' brand by 2027, with a dedicated factory in Aurangabad capable of producing 3 lakh units annually.

Strategic Partnerships and Market Ambitions

In a strategic move, both JSW and SAIC will cap their holdings at 35% each in the joint venture, with the remainder to be held by the public, institutions, employees, and dealers as part of a planned listing in 2026. Parth Jindal expressed confidence in leveraging the JSW brand's strong market presence and consumer trust to capture a significant market share, aiming for 7% to 10% by 2030.