JSW Motors to Launch Premium PHEV SUV in June, Targeting Luxury Segment

• JSW Motors, led by Sajjan Jindal, will launch its first plug-in electric hybrid (PHEV) SUV in June, marking its entry into the Indian passenger vehicle market.
• The PHEV SUV is estimated to be priced around 45 lakh rupees, positioning JSW Motors in the premium segment to compete with luxury brands like BMW and Mercedes-Benz.
• Production of the new SUV will take place at JSW Motors' upcoming factory in Chhatrapati Sambhaji Nagar (formerly Aurangabad), Maharashtra.
• JSW Motors is actively pursuing technology partnerships with international automotive companies, with a deal expected to finalize soon to explore clean energy and hybrid technologies.
• The JSW Group, which acquired a 51% stake in MG Motor India, aims to expand its presence in the EV segment, with JSW MG Motor India being the second-largest EV manufacturer in the country.

Why It Matters: JSW Motors is set to disrupt India's premium automotive market with its first PHEV SUV launch in June.