JSW and MG Motor to Invest Rs.30 Bn for EV Launch by 2025

22 Jul 2024 CW Team

JSW Group and MG Motor India have announced a substantial investment of Rs.30 billion in India, with plans to launch their new electric vehicle (EV), the Cloud EV, during the upcoming festive season. This strategic investment underscores their commitment to expanding the EV market in India and advancing the country's green mobility goals.

The partnership between JSW and MG Motor aims to accelerate the development and production of electric vehicles, leveraging JSW's expertise in manufacturing and MG Motor's automotive innovation. The investment will be directed towards enhancing manufacturing capabilities, establishing a robust EV supply chain, and expanding the distribution network.

The Cloud EV, which is set to debut this festive season, represents a significant step forward in the evolution of EV technology. It is expected to feature cutting-edge technology and advanced battery systems, positioning it as a competitive offering in the growing Indian EV market.

This investment is part of a broader push to promote sustainable transportation solutions in India. Both companies are focusing on reducing the carbon footprint and supporting the government's initiatives to foster green energy and reduce vehicular emissions.

JSW and MG Motor's collaborative effort reflects a growing trend among major industrial players to invest in the renewable energy and electric vehicle sectors. The successful launch of the Cloud EV and the accompanying investment will contribute to India's transition towards a more sustainable and technologically advanced transportation infrastructure.

Infrastructure Urban

10 Mar 2026

India Seals Rs 50.83 bn Defence Deal For ALH Mk-III And Shtil

India has finalised a defence procurement valued at Rs 50.83 billion (bn) aimed at strengthening aerial and maritime capabilities. The package covers Advanced Light Helicopter Mark III and Shtil shipborne missile systems. The move reflects a continued focus on modernisation of forces and onshore maintenance capacities. The procurement is expected to support operational readiness and to stimulate maintenance and supply chain ecosystems tasked with sustaining the platforms.\n\nThe Advanced Light Helicopter Mark III is expected to enhance rotary wing operations across multiple roles including sur..

Madurai Plans Major EV Infrastructure Boost

Madurai municipal authorities have unveiled a plan to accelerate electric vehicle infrastructure across the city. The initiative aims to expand public charging networks, support private investment and create an enabling environment for wider adoption. Officials have set priorities that include accessibility, affordability and integration with urban mobility plans. Stakeholders will be consulted to align the plan with local needs and land use. The programme will prioritise deployment of charging points in commercial centres and at transport hubs. Emphasis will be placed on fast charging capacit..

IIFCL To Raise One Point Six Billion Dollars For Infrastructure

India Infrastructure Finance Company Limited plans to raise one point six billion dollars in a resource mobilisation drive to support infrastructure development. The amount was described as about Rs 145 billion and the firm said it would mobilise funds from multilateral agencies and overseas investors to build a diversified, cost effective long term funding base. The managing director said the focus will be on securing competitive long tenor funds aligned with the loan book.\n\nUntil December, the company mobilised JPY 26 billion from SMBC as external commercial borrowing, equivalent to around..