Reports of JSW Group talking to carmakers MG Motor India or BYD India to buy a stake point at increasing efforts by the Sajjan Jindal-led conglomerate to diversify into green business.
In January this year, JSW Group’s then-CFO Seshagiri Rao had told PTI that the manufacturing of electric vehicles was being discussed actively at the group. In 2017, group company JSW Energy, engaged in power generation, transmission and trading, had planned to invest up to $623 million to build electric cars, batteries and charging infrastructure as part of its diversification plans.
