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JSW Group-MG Motor venture aims to sell 1 million EVs in India by 2030 | Auto

Business Standard

[ad_1] Electric models made up about 2 per cent of total car sales in India in 2023, with the government targeting 30 per cent by 2030 | Photo: Bloomberg The joint venture between India’s JSW Group and MG Motor, which is owned by China’s SAIC Motor, is targeting 1 million electric vehicles sold in … Read more

JSW Steel plans to borrow $750 mn loan to meet capital expenditure needs | Company News

Business Standard

[ad_1] By Ameya Karve and Swansy Afonso Steel tycoon Sajjan Jindal plans to borrow $750 million for capital expenditure purposes as India’s largest mill targets a major capacity expansion, according to people familiar with the matter. JSW Steel Ltd., part of the $23 billion JSW Group, is sounding out lenders and a … Read more

JSW Group, Volkswagen begin talks to set up electric vehicle joint venture | Company News

Business Standard

[ad_1] The electric vehicles project of the JSW Group is set up by the private entities of the Jindal family and does not include any of the listed entities The JSW Group has started talks with German auto major Volkswagen AG for the supply of technology and components to the ambitious Rs 40,000 crore … Read more

Odisha CM Patnaik lays foundation stone for JSW’s Rs 65K cr steel facility | India News

Business Standard

[ad_1] Odisha Chief Minister Naveen Patnaik on Friday laid the foundation stone for a steel project of JSW Group to be set up at an estimated investment of Rs 65,000 crore. The proposed project would have an annual steel manufacturing capacity of 13.2 million tonne (MT) with a captive power plant and captive … Read more