+
 JSW Group in talks: Ford's Chennai plant for EVs
ECONOMY & POLICY

JSW Group in talks: Ford's Chennai plant for EVs

The Sajjan Jindal-led JSW Group is currently engaged in advanced discussions to acquire Ford Motor’s Chennai factory, which has remained inactive since July of the previous year. This potential acquisition aims to serve as JSW's foray into the electric vehicle (EV) manufacturing sector.

Last week, Sajjan Jindal confirmed JSW Group's intentions to enter the EV market in India, disclosing discussions with MG Motor India regarding potential collaborations. Concurrently, JSW is also pursuing independent plans to develop its own line of electric vehicles.

According to sources cited in the Mint report, negotiations for the purchase of the Ford plant commenced several months ago and have now reached an advanced stage. JSW has been actively engaging with the Tamil Nadu state government and Ford during this process.

In September 2021, Ford decided to cease its operations in India, including the closure of vehicle assembly at two of its plants, one in Sanand and the other in Chennai. Tata Passenger Electric Mobility acquired the Sanand plant in January for Rs 7257 million. However, the Chennai plant has remained dormant since July 2022.

The Chennai facility, occupying 350 acres of land, boasts an annual production capacity of approximately 200,000 vehicles and 340,000 engines. It is reported that the state government is keen to identify a new owner who can revive production at the facility, signalling a potential resurgence in automotive manufacturing in the region.

The Sajjan Jindal-led JSW Group is currently engaged in advanced discussions to acquire Ford Motor’s Chennai factory, which has remained inactive since July of the previous year. This potential acquisition aims to serve as JSW's foray into the electric vehicle (EV) manufacturing sector.Last week, Sajjan Jindal confirmed JSW Group's intentions to enter the EV market in India, disclosing discussions with MG Motor India regarding potential collaborations. Concurrently, JSW is also pursuing independent plans to develop its own line of electric vehicles.According to sources cited in the Mint report, negotiations for the purchase of the Ford plant commenced several months ago and have now reached an advanced stage. JSW has been actively engaging with the Tamil Nadu state government and Ford during this process.In September 2021, Ford decided to cease its operations in India, including the closure of vehicle assembly at two of its plants, one in Sanand and the other in Chennai. Tata Passenger Electric Mobility acquired the Sanand plant in January for Rs 7257 million. However, the Chennai plant has remained dormant since July 2022.The Chennai facility, occupying 350 acres of land, boasts an annual production capacity of approximately 200,000 vehicles and 340,000 engines. It is reported that the state government is keen to identify a new owner who can revive production at the facility, signalling a potential resurgence in automotive manufacturing in the region.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?