JSW Group plans to invest 400 billion rupees in electric vehicle (EV) manufacturing projects in India’s Odisha state. Government targets 30% EV market share by 2023. JSW Group will invest 250 billion rupees in an EV battery manufacturing plant and an EV components plant in the first two phases of its plan. Tata Motors dominates the 2% EV market in India. JSW Group and SAIC Motor formed a joint venture in India to focus on green mobility and developing the electric vehicle ecosystem.
Ashok Leyland, a flagship company of Hinduja group, will invest Rs 1,000 crore in Uttar Pradesh to establish a bus manufacturing facility specializing in clean and green mobility. The plant, to be built near Lucknow, will initially have the capacity to produce 2,500 buses per year, with provisions to expand it to 5,000 vehicles per year. This move reflects Ashok Leyland’s commitment to achieving net zero emissions by 2048.
