JSW Group may acquire Ford Motor’s Chennai plant to manufacture EVs: Report

Sajjan Jindal-led JSW Group is in talks to acquire the Chennai factory of Ford Motor Co, which has been closed since July last year, Mint reported on Wednesday. JSW is expected to use the factory to make electric vehicles (EVs) ahead of its planned entry into the EV market.

Last week, Jindal said that JSW Group is in talks with MG Motor India to enter the EV space in India. He added that at the same time, the company is also working on a parallel plan to make its own EVs.

“We are extremely serious about entering the EV space. MG would be our preferred choice.