Press Release, 26 September 2025
JSW Motors, the new car venture under Sajjan Jindal, is gearing up for a big splash in India’s passenger vehicle market. The company plans to invest about ₹26,000 crore over the next five years and is exploring tech partnerships with several Chinese EV makers — including BYD, Geely, Chery, Xiaomi, NIO, and Li Auto to gain access to platforms, core components and vehicle tech. The aim is to launch its first cars before June 2026 from a greenfield factory in Maharashtra with a capacity of ~5 lakh units a year.
JSW is not looking for equity tie-ups; rather, the strategy is to pay for tech via licensing, fees, and royalties. CEO Ranjan Nayak has emphasized “brutal localisation” — building as much of the car and its parts locally as possible. Early vehicles are expected to be premium SUVs priced around ₹22-25 lakh, with fleet and mass-market offerings (hatchbacks, etc.) later priced around ₹8-9 lakh.
These discussions also include the possibility that BYD might use JSW’s Maharashtra factory to make or assemble cars locally. That could help reduce import duty costs and tap into export potential. JSW is also holding exploratory talks with European firms like Volkswagen and Renault for technology support.
Source: ETAuto.com
