JSW Cars to Launch by Diwali: Parth Jindal Announces Major EV Foray
Business
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Moneycontrol•20-01-2026, 21:05
JSW Cars to Launch by Diwali: Parth Jindal Announces Major EV Foray
- •JSW Group will launch its first passenger vehicle under the JSW brand by Diwali this year, marking its entry into India's electric and new energy vehicle market.
- •Parth Jindal, MD of JSW Paints and JSW Cement, announced this at the World Economic Forum in Davos, fulfilling a long-standing ambition of the group.
- •The car venture is JSW Group's largest consumer-facing bet, with a manufacturing facility under construction in Sambhajinagar.
- •JSW Motors will focus exclusively on new energy vehicles, including electric vehicles, plug-in hybrids, and range extenders, with no conventional petrol or diesel models.
- •The strategy involves localizing low-cost new energy vehicle technology from China to compete aggressively in the Indian mass market.
Why It Matters: JSW Group is set to launch its first electric and new energy vehicle by Diwali, marking a significant consumer foray.
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