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India's JSW Energy to invest up to $623 million in electric cars

Reuters  |  MUMBAI 

By Promit MukherjeeMUMBAI (Reuters) - JSW Energy will invest up to 40 billion rupees ($623 million) to build electric cars, batteries and charging infrastructure, part of the power company's diversification plans to drive future growth, its chief executive said. JSW plans to roll out its first electric car by 2020, which will make it the first non-automotive company in India to enter electric car business, as well as making batteries and supporting charging infrastructure, Prashant Jain, chief executive of JSW Energy said on Friday.India has proposed a 15-year roadmap for rolling out electric ...

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First Published: Fri, August 11 2017. 19:16 IST