Indian automotive companies are increasing localisation for EV parts

07 Aug 2024 CW Team

In response to India's push for reduced reliance on imported EV components, JSW MG Motor India is ramping up local sourcing. The government's production-linked incentive schemes for electric vehicles and parts have prompted these efforts.

Rajeev Chaba, CEO Emeritus, JSW MG Motor India, highlighted that while the company initially imported batteries for its EVs, it now assembles them at its Hallol plant. Future plans include local production of battery cells, with JSW Group aiming to start manufacturing them. Currently, all EV manufacturers import these cells, mostly from China. Chaba announced that localisation levels are increasing across their range. The Comet EV is already 60% localised, the ZS EV is 30-40% localised, and the new MG Windsor CUV, set to launch in a few weeks, will eventually reach 80% localisation.

The Windsor CUV is anticipated to be priced below Rs 2 million, between the existing Comet and ZS EV models. Chaba noted that with just two EV models, the company holds a 17% share of the EV market and aims to grow 250% this year. Currently, 40% of their sales are electric vehicles.

To support the growing EV ecosystem, MG Motor India has launched eHUB, a unified charging platform in partnership with Adani Total Energies, BPCL, Chargezone, Glida, and HPCL. eHUB allows users to reserve, navigate, and pay for charging slots, and is accessible to vehicles from any OEM.

Additionally, the company introduced project REVIVE with TERI, Lohum, and BatX, focusing on repurposing EV batteries for renewable energy storage, promoting a circular economy.

MG Motor also announced that all upcoming models will feature the MG-Jio Innovative Connectivity Platform (MG-Jio ICP), which includes an in-car app store for gaming, entertainment, and learning.

(ET)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..