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In a bold move towards green mobility, JSW Group is set to invest Rs 14.87 billion to develop a greenfield electric vehicle (EV) manufacturing facility in Maharashtra. The investment will be raised through a long-term loan, with additional capital expenditure covered by equity infusion from the conglomerate. A Major Step in India's EV Expansion The new plant, to be developed under JSW Greentech, will be located on a 100-acre site in Aurangabad Industrial City (AURIC), Bidkin. It is designed to produce 10,000 electric buses and 5,000 electric trucks annually, while also fostering an ecosystem for EV components. Ambitious Expansion into Green Mobility This initiative underscores JSW Group鈥檚 commitment to sustainable transportation and aligns with India鈥檚 push for reduced carbon emissions. It complements the company鈥檚 existing automotive ventures, reinforcing its foothold in the rapidly expanding EV market. Beyond the MG Motor JV: JSW鈥檚 Independent EV Aspirations Parth Jindal, a key figure in JSW鈥檚 leadership, has highlighted the group鈥檚 ambition to move beyond its joint venture (JV) with MG Motor India. 鈥淲e are not limiting ourselves to the JV. Our vision is to create a robust EV ecosystem in India, with a strong focus on innovation and scalability,鈥� he stated. JSW鈥檚 Vision for a Greener Future The Maharashtra project is part of JSW Group鈥檚 larger strategy to expand into EV and battery manufacturing, positioning itself as a standalone player in the sector. With a focus on sustainability and technological advancement, JSW aims to play a pivotal role in India鈥檚 transition to a cleaner automotive future.