JSW Group to invest $5 billion in EV projects in eastern India

JSW Group is set to invest 400 billion rupees ($4.81 billion) in electric vehicle (EV) manufacturing projects in India’s coastal state of Odisha, as it takes on both domestic and international players in India’s small but booming EV market.

Electric models made up around 2% of India’s car sales last year, with Tata Motors dominating the market, but the government is targeting a 30% share by 2023.