JSW Group to launch own EV brand, challenge auto giants; first vehicle by Dec quarter

• JSW Group is set to enter India's passenger vehicle market with its new in-house brand, JSW Motors, targeting a first vehicle launch by the December quarter of the next financial year.
• The group will focus on the clean fuel segment, developing hybrid and electric vehicles to compete with established players like Tata Motors, Mahindra & Mahindra, Hyundai Motor India, and Maruti Suzuki.
• JSW Group is forging cutting-edge technology partnerships with countries including China, Germany, and the UK for its new automotive venture.
• The company is also finalizing partnerships for a lithium-ion battery business, planning to develop up to 50 GWh capacity in Nagpur to strengthen India's EV ecosystem.
• Despite its existing 51% stake in JSW MG Motor India, JSW Group aims to build an independent, indigenous auto brand to establish its own identity.

Why It Matters: JSW Group dives into India's EV market with its own brand, aiming for a strong independent presence.