We will create a Maruti moment with MG: Sajjan Jindal
JSW MG Motor India Pvt Ltd — the newly formed entity owned by Sajjan Jindal owned JSW Group and SAIC's MG Motor India — plans to sell a million units of the new energy vehicles (NEVs) by 2030, said Sajjan Jindal, chairman JSW Group.
«With MG we can create a new energy Maruti moment, Jindal said in Mumbai at an event to announce the road ahead for the new entity.
»At JSW we will not only produce the EVs with MG, we will address the entire ecosystem," said Jindal.
Also Read: MG 2.0: JSW sets wheels rolling for JSW MG Motor India to give India another 'Maruti moment'
The newly formed company plans to sell a million units of the new energy vehicle (NEV) which includes pure electric and plug in hybrid by 2030. As part of the plan, from September onwards, JSW MG will bring one newly designed NEV every three to six months.
September onwards every three to four months. we will also export them. we will deep localisation, manufacture them here in India. That's my passion. with the technology from MG and group's strength, we are also building charging system.
Last month the steel-to-paint conglomerate firmed up plans to invest Rs 40,000 crore in Odisha to set up electric vehicle and battery manufacturing facilities.
The investments, to be made in phases, will be utilised to set up manufacturing facilities with annual production capacity for 100,000 commercial vehicles, 300,000 electric cars and 50 Gwh batteries for both mobility and energy storage systems. This would take the Group’s total proposed investment in the
