Sajjan Jindal-led JSW Group, claims that its plans for electric vehicles remain on track as specifics are being ironed out.
"It is being worked out," said Jayant Acharya, Deputy MD and board member at JSW Steel, a flagship company of the diversified US$ 22 billion JSW Group. He did not go into additional detail about the developments. Acharya spoke with Autocar Professional on the sidelines of the India Steel 2023 event in Mumbai, which kicked off on Wednesday.
PTI had previously reported, citing JSW Group Chief Financing Officer Seshagiri Rao and Joint MD, who has currently announced retirement, that the company intends to manufacture four-wheelers, but gave no further details on the manufacturing location or investments.
JSW Steel, a part of JSW Group, owns and operates a steel facility with a capacity of one million tonnes per annum (MTPA) in Salem, Tamil Nadu. The company manufactures auto-grade steel and sells it to automakers, including electric vehicle manufacturers.
JSW Group has collaborated with ElectricPe to establish an electric vehicle charging infrastructure across its office network. This follows JSW's recently enacted green policy, which includes incentives for staff to purchase electric vehicles as well as charging facilities at its office and industrial locations