JSW Group is preparing to enter the automotive industry with its own independent range of cars, trucks, and buses under the JSW brand, backed by an ambitious investment of USD 1 billion, according to Parth Jindal, Director of JSW MG Motor India. The conglomerate is currently in discussions with multiple players for technology partnerships, with plans to launch its first vehicle between 2027 and 2028, as revealed during the Bharat Mobility Global Expo 2025.
In November 2023, JSW Group formed a joint venture with SAIC Motor, China’s largest automaker, to enhance the growth of MG Motor in India. The joint venture, JSW MG Motor India, saw JSW acquiring a 35% stake, while SAIC continues to support the venture with cutting-edge technology and products. MG Motor, a British automotive brand owned by Shanghai-based SAIC Motor, brings extensive expertise and innovation to this collaboration.
In March 2024, JSW MG Motor India committed to a ₹5,000 crore investment to expand production capacity and introduce new car models every three to six months. This strategic move reflects the company’s vision to penetrate deeper into the Indian automobile market, leveraging MG Motor’s global strength and reputation.
Parth Jindal emphasized the group's dedication to the joint venture, noting the immense potential and growth opportunities in India’s automotive sector. "We believe there’s a long way to go, and with the kind of technology and power MG offers globally, we are only scratching the surface in India," he said, underscoring the group’s long-term commitment to this venture.
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