JSW’s EV juggernaut: Odisha gets an INR40k crore project, and MG an Indian touch

L-R Sajjan Jindal, managing director of Jindal Metal; Parth Jindal, managing director of JSW Cement (c) and Rajeev Chaba, CEO Emeritus of MG Motor India pose for a photograph with MG Cyberster electrical sports activities automobile through the launch in Mumbai.

Synopsis

JSW is preparing for an extended EV drive. An built-in EV plant and a 50 GWh battery manufacturing undertaking in Cuttack and Paradip, and a JV cope with MG Motor mirror its intent. However why did it select Odisha over different states which have expertise in auto manufacturing? What does the JV imply for MG?

Sajjan Jindal needs to create his personal “Maruti second” in electrical autos (EVs). “Like 40 years in the past, in 1984, when Maruti got here into India, it modified the auto trade. I imagine that with MG we will create a brand new vitality automobile, the Maruti second,” Jindal, the chairman of the JSW group, advised the media on March 20 in Mumbai after his firm signed a three way partnership (JV) settlement with Chinese language SAIC Motor-owned MG Motor. The JV will make new vitality

BY

Mar 27, 2024, 07:12:30 AM IST

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