Source: JSW Limited

September 2026 : JSW Group is taking a bold, multi-billion-dollar leap to reshape the nation's electric vehicle (EV) landscape. Through its mobility arms - JSW Green Mobility Limited and JSW MG Motor India - the Group is rolling out an integrated ecosystem spanning passenger cars, commercial buses, battery technology, charging networks, and mobility services.

Anchoring this aggressive push is a massive $3 billion (approximately ₹25,000 crore) commitment over five years aimed at building domestic manufacturing scale. With new state agreements signed in Gujarat and Maharashtra, JSW is developing a greenfield manufacturing hub at Chhatrapati Sambhajinagar to drive local EV production, battery assembly, and R&D. Meanwhile, its commercial division, JSW Greentech, has already deployed its first fleet of 100 electric staff buses at JSW Steel’s Dolvi plant.

A key growth driver remains the JSW MG Motor India joint venture, formed with SAIC Motor (where JSW holds a 35% stake). Having sold over 150,000 EVs since entering the market, MG’s EV market share climbed to 35% by CY2024, supported by strong demand for models like the MG Windsor - India’s top-selling EV in 2025. In August 2026, the joint venture reported a 14% year-on-year growth with 7,508 wholesale units, backed by new releases like the MG Hector Tomahawk in EV and PHEV variants.

To stay ahead in powertrain flexibility, JSW MG Motor India unveiled MG ADAPT in July 2026 - India’s first Multi New Energy Vehicle platform capable of supporting EV, hybrid (HEV), plug-in hybrid (PHEV), and range-extended (REEV) technologies on a single architecture.

Complemented by JSW Energy’s exploration into telecom, micro-grid, and solar battery storage, JSW’s localized end-to-end approach ensures India isn't just adopting EVs - it's building them from the ground up.

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