JSW Motors to Launch First Plug-in Hybrid SUV in June, Targeting Premium Segment

• JSW Motors, led by Sajjan Jindal, is set to enter the Indian passenger vehicle market with a plug-in hybrid electric vehicle (PHEV) SUV in June.
• The SUV is expected to be priced around Rs 45 lakh, positioning JSW Motors in direct competition with luxury brands like BMW and Mercedes-Benz.
• Production of the new SUV will take place at the upcoming factory in Chhatrapati Sambhaji Nagar, Maharashtra.
• JSW Motors is evaluating technology partnerships with global players for clean energy fuels, including hybrids and range-extended electric vehicles (REEV).
• The JSW Group acquired a stake in MG Motor India in late 2023, forming JSW MG Motor India, which is now the second-largest EV maker in India.

Why It Matters: JSW Motors is launching a premium plug-in hybrid SUV in June, marking its entry into India's competitive EV market.