The Sajjan Jindal-led JSW Group has put its plans to build a 50GWh battery cell gigafactory in India on hold after failing to secure a Chinese technology partner because of Beijing’s restrictions on technology transfers, a top company executive said. Speaking to reporters on the sidelines of JSW MG Motor India’s launch of Hector Tomahawk—a … Read more
JSW Group and China’s SAIC are discussing additional capital for MG Motor India to eventually scale the company’s Halol plant capacity to 1 million vehicles annually from the current 2,20,000. The JV, owned 35% by JSW and 49% by SAIC, is currently deploying Rs 3,500 crore in localisation and new products, and is expected to … Read more
The declaration came about nine months after the JSW Group had entered the automobile business after forming a joint venture with China-based SAIC Motor, which now owns the British-origin MG brand of vehicles. Jindal’s intention of doubling down on the automobile business will culminate in India getting its first new homegrown carmaker this millennium. But … Read more
Steel magnate Sajjan Jindal’s fully-owned car venture JSW Motors is in talks with BYD — the world’s biggest EV maker — and a clutch of other Chinese companies like Geely, Cherry, Xiaomi, Nio Auto, and Li Auto for platform and component access. The Indian company has lined up investments of nearly Rs 26,000 crore over … Read more
JSW Steel is targeting to increase the capacity from 12 Million Tonne Per Annum (MTPA) to 18 MTPA by FY 24. Key points to note JSW Steel Vijayanagar Works is the largest single-location integrated steel-making facility in India with a current capacity of 12 MTPA. 18 MTPA target is through – 5 MTPA brownfield expansion … Read more