You are currently viewing JSW Group Sparks a $4.82 Billion EV Revolution in Odisha!

JSW Group Sparks a $4.82 Billion EV Revolution in Odisha!

  • Post author:
  • Post category:Ev News

“JSW Group, a leading Indian conglomerate, is making a significant mark in the electric vehicle (EV) and battery manufacturing sector with a colossal investment of 400 billion rupees ($4.82 billion) in Odisha. The conglomerate has formalized a partnership with the state government to establish an Integrated EV and Battery Manufacturing Project in two cities. This strategic move comes after JSW Group’s joint venture with China’s SAIC Motor, focusing on promoting green mobility in India. The phased projects in Odisha aim to position JSW Group as a key player in India’s growing EV market, aligning with the government’s ambitious goal of a 30% EV market share by 2023. While Tata Motors currently dominates, JSW’s entry reflects a rising momentum towards sustainable transportation in India. The substantial investment underscores the evolving landscape of India’s automotive industry, driven by policies and incentives encouraging such initiatives. The collaboration signals a collective effort to drive innovation and accelerate the adoption of electric vehicles on a broader scale.”

 

IFEVA

International Federation of Electric Vehicle Associations.It is a national apex body that represents and unites various electric mobility stakeholders in India, including EV manufacturers, component suppliers, charging infrastructure providers, startups, researchers, and industry associations.Key Objectives of IFEVA⚡ Promote electric mobility across India🏭 Support EV manufacturing & innovation📜 Advise on policy & regulations related to EVs🤝 Act as a bridge between industry, government, and academia🌱 Encourage sustainable and clean transportationKey ActivitiesOrganizing EV rallies, expos, conferences, and awareness campaignsProviding industry insights and recommendations to policymakersFacilitating collaboration among EV ecosystem playersSupporting Make in India and localization of EV technologies