JSW in talks with Japan, South Korea firms for India battery JV to cut China reliance
Mumbai: JSW Group is in advanced talks with Japanese and South Korean manufacturers to form a joint venture for battery cell manufacturing in India, said people aware of the discussions.
The diversified conglomerate is looking to safeguard supply chains for its new energy vehicles (NEV) business and lessen reliance on Chinese imports, that have become uncertain of late, the people said, adding that discussions are expected to conclude by March.
