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.
Denne historien er fra December 03, 2024-utgaven av Financial Express Mumbai.
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Denne historien er fra December 03, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Housing sales in top 7 cities to reach ₹5.10 L-cr
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Sunak, wife to set up private office, says report
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Fadnavis to take oath as CM today
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Waaree Energies to set up 11.4 GW solar capacity by FY27
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