JSW Group Outlines Major Push into Commercial and Heavy Electric Vehicles

The JSW Group, led by industrialist Sajjan Jindal, is expanding its presence in India’s commercial and heavy electric vehicle (EV) sector through a broad strategy that includes large-scale manufacturing, strategic partnerships, and substantial investments aimed at building a fully integrated EV ecosystem.

As part of this expansion, JSW Green Mobility, the group’s dedicated EV division, will lead development in the commercial vehicle space, targeting both industrial and public transport applications. By 2026, the company expects plug-in hybrids to account for half of its EV lineup, serving diverse mobility needs across India.

In Odisha, JSW has signed a Memorandum of Understanding with the state government to invest ₹40,000 crore in building an extensive green mobility hub across Naraj and Paradip. The project includes an EV and commercial vehicle manufacturing facility with an annual production target of 3 lakh electric cars and 1 lakh commercial EVs. Supporting infrastructure will include a 50 GWh battery plant, a 6,000-tonne lithium refinery, and a copper smelter to localise the component supply chain.

Meanwhile, in Maharashtra, the company is investing ₹27,200 crore to set up a manufacturing unit at Aurangabad Industrial City. The facility will focus on producing both passenger and commercial EVs under JSW’s in-house brand, while generating over 5,000 jobs.

JSW is also expanding its footprint through its joint venture with China’s SAIC under the JSW MG Motor India banner. Production capacity is expected to scale from 1 lakh to 3 lakh vehicles annually, with a new model to be introduced every few months starting in late 2024. JSW is reportedly increasing its equity in MG India to 84 percent as SAIC scales down its local involvement.

To support its commercial EV operations, JSW is pursuing talks with global automotive players such as BYD and Geely for potential collaborations in electric trucks and hybrid technologies.

The group is also preparing to establish a 10 GWh battery facility through a potential $1.5 billion joint venture with LG Energy Solution. A majority of the plant’s output will be used internally, while a portion will supply other manufacturers. The battery initiative is part of JSW’s ₹15,000 crore allocation for EV projects within its broader ₹60,000 crore capital expenditure plan across energy, steel, and mobility.

JSW’s commercial EV strategy is underpinned by a fully integrated supply chain, from raw material sourcing to vehicle assembly. The approach aims to enhance cost efficiency and reduce dependence on imports, aligning with national objectives for EV localisation and clean mobility.