Business Standard

JSW group keen to launch car in EV segment at Rs 15-20 lakh price tag

In talks with several Chinese players for tech partnership; in race to buy stake in MG Motor

Electric cars, EV

Photo: Bloomberg

Dev ChatterjeeShine Jacob Mumbai/Chennai

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The promoter entities of JSW Group are in talks with several electric-car manufacturers in China to launch an electric car for the Indian market at Rs 15-20 lakh, a source close to the development said.
At the same time, the group, led by Sajjan Jindal, is in discussion to acquire a sizeable stake in MG Motor India, makers of MG ZS EV, costing around Rs 23.28 lakh, and a small electric car called Comet, priced at Rs 9.98 lakh upwards.
The Chinese promoter of MG Motor will hold a minority stake if the talks succeed, said the source. The valuation

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First Published: Aug 30 2023 | 5:20 PM IST

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