AutomobilesTesla-free India becomes EV battleground as JSW enters fray
Steel conglomerate plans annual production of 400,000 vehicles
JSW also plans to invest in a more-than-30% stake in MG Motor's Indian subsidiary. (Photo by Ryosuke Hanada)
RYOSUKE HANADA, Nikkei staff writer
MUMBAI -- As foreign and domestic players scramble to grab a piece of India's emerging EV market in the absence of Tesla and BYD, steel and energy conglomerate JSW Group plans to invest 400 billion rupees ($4.8 billion) to build a vehicle and battery factory.