JSW's First Car Launching Before Diwali; 80% Localisation Planned

• Parth Jindal announced JSW's first car will launch in India just before Diwali this year, with deliveries starting October.
• The car will be a plug-in hybrid muscle car, initially priced in the ₹15–30 lakh segment, aiming for 80% localisation.
• JSW aims to become a 100% local producer in India, localising components from battery packs to steel, supported by global tech partnerships.
• JSW's paints business, post AkzoNobel India acquisition, targets top two market position by leveraging synergies and expanding retailer network.
• The cement business is expanding capacity to 25 million tonnes this quarter and 40 million tonnes by FY29, integrating operations for efficiency.

Why It Matters: JSW is set to launch its first highly localised car before Diwali, while expanding its paints and cement businesses.