JSW Group Powers Into EV Race with $3 Billion Bet on Green Mobility – EQ
In Short : JSW Group is set to shake up India’s EV market with its new arm, JSW Motors, investing up to $3 billion over five years. Starting FY26, it plans to launch electric, hybrid, and plug-in vehicles. With global partnerships for design and tech, and a major EV hub in Aurangabad, JSW aims to build a full-fledged mobility ecosystem.
In Detail : JSW Group is preparing to make a bold entry into India’s electric vehicle market through its new automotive division, JSW Motors. The company has laid out an ambitious investment plan to establish a strong presence in the fast-growing EV segment.
It has announced a capital outlay of up to $3 billion (around ₹25,000 crore) over the next five years. This investment will be directed toward product development, manufacturing, and building a complete EV ecosystem.
JSW Motors plans to launch its first set of electric, hybrid, and plug-in hybrid vehicles starting in the financial year 2025–26. The company aims to cater to both urban and intercity consumers.
To speed up development, JSW has forged global partnerships for vehicle design, battery technology, and powertrain systems. This approach will allow the company to bring globally competitive products to Indian roads.
The group has selected Aurangabad in Maharashtra as the base for its EV manufacturing operations. The facility will include production lines, battery assembly, R&D units, and supplier integration.
JSW is also focusing on building a complete ecosystem around EVs. This includes plans for charging infrastructure, digital mobility solutions, after-sales services, and potential tie-ups for battery recycling.
With this strategy, the company aims to provide not just electric vehicles, but a seamless ownership experience that supports the entire life cycle of mobility.
JSW’s entry into the EV space is expected to intensify competition in the segment, which already includes players like Tata Motors, Mahindra, and new-age startups. The company brings with it strong financial backing and manufacturing experience.
By combining global expertise with local execution, JSW Group is positioning itself as a future-ready player in India’s evolving mobility landscape, targeting long-term leadership in green transportation.
