JSW in final talks for Japan-Korea battery JV in India

11 Nov 2025 CW Team

The proposed JV will cater to multiple sectors — including electric vehicles (EVs), commercial mobility fleets, and grid-scale energy storage systems (ESS). The initiative aligns with JSW’s EV ambitions and India’s broader mission to achieve self-reliance in clean-energy manufacturing. Company officials see the project as a strategic foundation for JSW’s entry into the EV ecosystem and a safeguard against supply-chain risks tied to China.

While the specific partners remain undisclosed, the inclusion of Japanese and Korean technology players indicates JSW’s focus on advanced innovation and raw-material security outside China. Discussions are reportedly at an advanced stage, with an agreement expected to be finalised by March 2026. Once operational, the JV is expected to reduce costs and strengthen localisation, crucial in a competitive global battery market.

China continues to dominate battery-cell production and critical materials such as lithium, graphite, and separators. India has expressed a clear intent to diversify its supply chains, and JSW’s venture is among several domestic efforts to create a localised alternative.

Traditionally known for its steel, energy, and infrastructure businesses, JSW is expanding into the mobility and renewable-energy sectors. By controlling battery-cell production, the company aims to secure supplies for its EV and energy-storage units and protect itself from geopolitical or logistical disruptions.

Analysts believe the partnership’s success will depend on effective technology transfer, cost competitiveness, and rapid scaling to meet domestic demand. With India’s EV and energy-storage markets poised for strong growth, JSW’s initiative could become a model for reducing China dependence while leveraging expertise from Japan and South Korea.

India’s industrial conglomerate JSW Group is in advanced talks with Japanese and South Korean firms to set up a joint venture (JV) for battery-cell manufacturing in India, aiming to cut its dependence on Chinese imports of cells and components. The proposed JV will cater to multiple sectors — including electric vehicles (EVs), commercial mobility fleets, and grid-scale energy storage systems (ESS). The initiative aligns with JSW’s EV ambitions and India’s broader mission to achieve self-reliance in clean-energy manufacturing. Company officials see the project as a strategic foundation for JSW’s entry into the EV ecosystem and a safeguard against supply-chain risks tied to China. While the specific partners remain undisclosed, the inclusion of Japanese and Korean technology players indicates JSW’s focus on advanced innovation and raw-material security outside China. Discussions are reportedly at an advanced stage, with an agreement expected to be finalised by March 2026. Once operational, the JV is expected to reduce costs and strengthen localisation, crucial in a competitive global battery market. China continues to dominate battery-cell production and critical materials such as lithium, graphite, and separators. India has expressed a clear intent to diversify its supply chains, and JSW’s venture is among several domestic efforts to create a localised alternative. Traditionally known for its steel, energy, and infrastructure businesses, JSW is expanding into the mobility and renewable-energy sectors. By controlling battery-cell production, the company aims to secure supplies for its EV and energy-storage units and protect itself from geopolitical or logistical disruptions. Analysts believe the partnership’s success will depend on effective technology transfer, cost competitiveness, and rapid scaling to meet domestic demand. With India’s EV and energy-storage markets poised for strong growth, JSW’s initiative could become a model for reducing China dependence while leveraging expertise from Japan and South Korea.

Infrastructure Urban

09 Feb 2026

Taural India Commissions Second Aluminium Casting Plant in Maharashtra

Taural India recently commissioned its second aluminium sand casting manufacturing facility in India at Supa, Maharashtra, marking a major expansion after its first plant in Pune. The 30-acre facility was inaugurated by the Honourable Chief Minister of Maharashtra, Shri Devendra Fadnavis, and represents a significant addition to the state’s advanced manufacturing ecosystem.Designed to meet global engineering and sustainability benchmarks, the Supa plant integrates automation, digital process controls and advanced quality systems. It will manufacture complex, high-tolerance aluminium componen..

Real Estate

09 Feb 2026

Mumbai Sees 14-Year High January Stamp Duty Collection

Mumbai city, under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, recorded 11,219 property registrations in January 2026, generating over Rs 10.12 billion in stamp duty revenue for the Maharashtra government. This marked the highest January revenue collection in the past 14 years, despite an eight per cent year-on-year decline in registration volumes compared to January 2025.Stamp duty collections rose two per cent year-on-year, indicating a growing share of higher-value transactions in the city’s housing market. Residential properties continued to dominate activity, accounting f..

Real Estate

09 Feb 2026

Reliance MET City Launches Mixed-Use ‘Metropolis’ in Haryana

Reliance MET City, a wholly owned subsidiary of Reliance Industries Limited, has recently announced the launch of Metropolis by MET City, a large-scale integrated mixed-use development at Daryapur in Jhajjar district, Haryana.The project is part of a 140-acre master-planned development comprising residential plots, industrial plots and a future group housing component. In the current phase, around 100 acres are being launched.Envisioned as a multi-dimensional ecosystem, Metropolis brings together residential living and industrial activity within a single, well-planned township. The residential..