The JSW Group conglomerate, led by Sajjan Jindal, is contemplating a foray into manufacturing electrical autos, in line with a senior group official.
“The group had also looked at EV manufacturing plans before, but now it is becoming attractive,” JSW Group CFO Seshagiri Rao informed PTI.
EV manufacturing is being actively mentioned on the group stage, he mentioned whereas disclosing JSW Group’s plan to broaden its presence in additional sectors.
The group is trying to make 4-wheeled autos, Rao mentioned.
When requested about manufacturing location particulars, he mentioned it hasn’t been determined but.
On the timeline for launching an electrical car manufacturing plant, he mentioned, “(the plan) is in advanced stages.”
JSW Group firm JSW Steel owns and operates one million tonne per 12 months (MTPA) metal plant in Salem, Tamil Nadu. The firm makes automotive metal on the Salem plant and provides the excessive-worth metal to auto firms, together with producers of electrical autos.
Additionally, the $22 billion pool has a major presence in sectors comparable to power, infrastructure, cement, paints, enterprise capital, and sports activities.
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