In an interview with the Financial Times, JSW Group chairman Sajjan Jindal said the company does not want to serve as an "outpost of a Chinese company". "Our idea is not to be an outpost of a Chinese company to sell products in India. We want to manufacture the products in India, value-add in India, and sell in India," Jindal said.
He also said that JSW's planned car plant in Aurangabad, Maharashtra, will be dedicated to this new EV-focused venture.
Jindal, however, did not provide additional details about the specific models or investment plans, according to the FT report.
This story is from the December 03, 2024 edition of Financial Express Mumbai.
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This story is from the December 03, 2024 edition of Financial Express Mumbai.
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