Sajjan Jindal’s JSW Group is currently engaged in discussions with Volkswagen Group to establish a joint venture for electric vehicle (EV) manufacturing in India, according to a report by MoneyControl. The negotiations may soon enter an exclusivity period, during which both parties would refrain from engaging with other potential partners. These discussions reportedly commenced earlier this month and are still ongoing.
This development comes days after JSW Group inked an agreement with the Odisha government to establish an integrated EV and battery manufacturing project in Cuttack and Paradip, with an estimated investment of Rs 40,000 crore. This significant investment, slated to be rolled out over the coming years, marks the largest venture into electric vehicle capacity in India so far.
