JSW's First Car Launching Before Diwali; 80% Localisation Planned
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CNBC TV18•20-01-2026, 18:15
JSW's First Car Launching Before Diwali; 80% Localisation Planned
- •Parth Jindal announced JSW's first car will launch in India just before Diwali this year, with deliveries starting October.
- •The car will be a plug-in hybrid muscle car, initially priced in the ₹15–30 lakh segment, aiming for 80% localisation.
- •JSW aims to become a 100% local producer in India, localising components from battery packs to steel, supported by global tech partnerships.
- •JSW's paints business, post AkzoNobel India acquisition, targets top two market position by leveraging synergies and expanding retailer network.
- •The cement business is expanding capacity to 25 million tonnes this quarter and 40 million tonnes by FY29, integrating operations for efficiency.
Why It Matters: JSW is set to launch its first highly localised car before Diwali, while expanding its paints and cement businesses.
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