JSW Group to Invest Rs 14.87 Bn in Maharashtra EV Facility

13 Mar 2025 CW Team

In a bold move towards green mobility, JSW Group is set to invest Rs 14.87 billion to develop a greenfield electric vehicle (EV) manufacturing facility in Maharashtra. The investment will be raised through a long-term loan, with additional capital expenditure covered by equity infusion from the conglomerate.

A Major Step in India's EV Expansion The new plant, to be developed under JSW Greentech, will be located on a 100-acre site in Aurangabad Industrial City (AURIC), Bidkin. It is designed to produce 10,000 electric buses and 5,000 electric trucks annually, while also fostering an ecosystem for EV components.

Ambitious Expansion into Green Mobility This initiative underscores JSW Group’s commitment to sustainable transportation and aligns with India’s push for reduced carbon emissions. It complements the company’s existing automotive ventures, reinforcing its foothold in the rapidly expanding EV market.

Beyond the MG Motor JV: JSW’s Independent EV Aspirations Parth Jindal, a key figure in JSW’s leadership, has highlighted the group’s ambition to move beyond its joint venture (JV) with MG Motor India. “We are not limiting ourselves to the JV. Our vision is to create a robust EV ecosystem in India, with a strong focus on innovation and scalability,” he stated.

JSW’s Vision for a Greener Future The Maharashtra project is part of JSW Group’s larger strategy to expand into EV and battery manufacturing, positioning itself as a standalone player in the sector. With a focus on sustainability and technological advancement, JSW aims to play a pivotal role in India’s transition to a cleaner automotive future.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..