JSW in discussions with Geely to establish a joint venture for electric vehicle production.

Sajjan Jindal, Managing Director of JSW Steel, is leading the company’s efforts to expand in the electric vehicle (EV) market. JSW is in talks with multiple auto majors, including Chinese company Geely, to form joint ventures for EV production. The company is also working on launching its own EV lineup, including passenger and commercial vehicles. The partnership with SAIC, the parent company of MG Motor, is not exclusive, and JSW is free to explore other partnerships to expand its presence in the auto sector. The lack of majority stake in MG Motor India could be a sticking point, as SAIC holds 49% of the company, while JSW owns 35%. JSW has been in discussions with other companies, including Ford and Volkswagen, but no deals have been confirmed. The company is betting big on the Indian EV market and is aggressively pursuing multiple opportunities to gain a strong foothold.