JSW Group has announced its entry into the electric vehicle market in India. The company’s Managing Director Parth Jindal said that an affordable electric car is being developed for Indian middle class families. This expected launch is by the second quarter of 2027. The price of this electric car could be around ₹10 lakh. This announcement comes at a time when India is becoming a major hub for electric vehicle manufacturing.
What Makes This EV Special?
JSW electric car is special because it will cost only ₹10 to ₹12 lakh. This car is made for people who want to buy an electric car for the first time. It is small, easy to drive and good for city roads. It will be a simple and trusted car for daily use.
JSW not officially Declared features information of this car. But Parth Jindal has said that this car will be smaller than the MG Windsor EV. While the Windsor offers a range of more than 400 kilometers, the new car will give a range of around 300 to 330 kilometers.
There is also a big difference in the price. The MG Windsor costs around ₹13 to ₹18 lakh, while this new electric car will be launched at only ₹10 lakh.
JSW to Increase Its Stake in MG Motor India
Jindal South West already has some share in MG Motor India. Now, the company wants to increase its share. MG’s parent company SAIC(Shanghai Automotive Industry Corporation) is from China. They are not investing much in India now.
Parth Jindal is seeing this as a chance to grow in the electric car market in india. JSW became a partner with MG and took 35% share in the company in 2023. Now, They wants to take more control and help in planning and running MG Motors in India.
Company looking for the local manufacturing, so they is building a new factory in Chhatrapati Sambhajinagar (Aurangabad), Maharashtra. This factory will make electric cars with the JSW name and also some commercial vehicles.
The company is putting ₹10,000 crore in this project. This shows that Jindal Group is serious about the electric car business in India. This new step will also help in making more parts in India and building cars made for Indian roads.
Future Plans & Focus on Made in India
JSW is planning to launch a new SUV that will come in three versions, Electric, Hybrid, and Petrol. This shows the company’s aim to give customers more choices in the EV space.
Now the company wants to make electric vehicles in India. When JSW launched the Windsor car, then only 27% parts were made in India. But now this number has gone up to 67%. The company’s target is to reach 85% at the end of the year. JSW is also working on a new battery project. This will help the company make its own batteries in India. After this, they will not need to buy important parts from other countries.
Frequently Asked Questions(F&Q)
Q1: When will this electric car launch in India?
Ans: This EV Car will be launch in the year 2027.
Q2: Will this EV be fully made in India?
Ans: Yes, Company wants to make most of the parts in India,
Q3: Is JSW already a car company?
Ans: No, but JSW has joined hands with MG Motor India to enter the car business.
Q4: How much is JSW investing in this project?
Ans: Company is investing ₹10,000 crore for the car, battery, and factory setup.
Q5: Is JSW increasing its stake in MG Motor?
Ans: Yes, Company is planning to increase its share in MG Motor India.
