JSW Motors will unveil its new energy vehicle brand on Diwali 2025, open bookings in November and begin deliveries late December with a rebadged Chery Jetour T2 priced above ₹35 lakh. A 500,000-unit Maharashtra plant anchors plans for 15 models in four years, intensifying competition with Tata, Mahindra and JSW MG.

Business Standard · Companies · 5/28/2026, 5:47:23 PM

JSW Motors has secured an 80 billion rupee ($826 million) facility from State Bank of India with a 10-year-plus tenor to fund a greenfield EV manufacturing site in Maharashtra. The deal underwrites India's first new homegrown auto brand in decades, positioning JSW alongside JV partners SAIC and Chery in a market where credit growth is running at 13-14.5%.

ET Small Business · 5/21/2026, 4:30:16 AM