Archive · 20 Aug 2025
JSW Group Invests in Auto Business, Eyes Funds for MG Motor JV
JSW Group, known for steel and energy, is investing heavily in electric vehicles (EVs).
They put $115 million into their own EV company, JSW Green Mobility.
They're also trying to raise up to $300 million for MG Motor India, a company they have a partnership with.
JSW Green Mobility is working on four new EV models, with the first one planned to launch soon.
They also own a majority stake in MG Motor India, which is a joint venture with a Chinese company.
The company is planning to build and sell EVs in India.
JSW Group invested $115 million in JSW Green Mobility through optionally convertible debentures.
JSW Group is seeking up to $300 million in funding for MG Motor India.
JSW Green Mobility is developing four EV models, including passenger and commercial vehicles.
The first JSW Green Mobility model is expected to launch in the next financial year.
JSW Group owns 51% stake in MG Motor India, a joint venture with SAIC.
- Who
- JSW Group, led by Sajjan Jindal, and MG Motor India.
- What
- JSW Group is increasing investments in its automobile business, including its own EV brand and its MG Motor India joint venture.
- When
- In July, and in September, when the board meeting with SAIC will decide about the funding
- Where
- India
- Why
- To expand its presence in the electric vehicle market.
JSW's Perspective
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Localization vs. Outpost
JSW's Perspective
JSW is focused on manufacturing and adding value in India.
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- JSW Green Mobility Investment
- $115 million
- MG Motor India Funding Goal
- $300 million
- JSW Stake in MG Motor India
- 51%
- MG Motor India EV Sales (approx.)
- 12,000
- First JSW Green Mobility Model Launch
- Next Financial Year