JSW Motors is preparing to enter India’s passenger vehicle segment with the launch of a plug-in hybrid electric (PHEV) SUV scheduled for June this year, reported Moneycontrol (MC).
Manufacturing of the new SUV will take place at the company’s upcoming facility in Chhatrapati Sambhaji Nagar in Maharashtra.
The vehicle is expected to be priced at around Rs4.5m ($49,887), positioning the domestic entrant in a segment currently dominated by global luxury brands such as BMW and Mercedes-Benz.
People familiar with the matter told MC that the company is in advanced talks with international automotive firms for a strategic partnership, which could be concluded in the coming weeks.
The proposed collaboration is expected to centre on clean mobility solutions, including electric vehicles, hybrids and range-extended electric vehicles (REEVs).
The $24bn JSW Group, which has interests across steel, energy, infrastructure, ports and paints, entered the automotive space in late 2023 by acquiring a stake in MG Motor India from its Chinese parent, SAIC Motor.
JSW and Everstone Capital together hold a 51% stake in the company, now renamed JSW MG Motor India, with JSW indicating plans to further raise its shareholding by purchasing additional equity from SAIC.
JSW MG Motor India currently produces both electric and internal combustion engine passenger vehicles.
In July 2025, a report emerged that China’s Chery Automobile has agreed to supply technology and components to JSW Group to facilitate the launch of a new-energy vehicle brand in India.
JSW Motors CEO Ranjan Nayak told MC: “We are evaluating technology partnerships with multiple potential global partners and are progressing as planned on our retail and distribution strategy, with the first dealership expected to come up closer to the product launch.”
Citing registration data from the Federation of Automobile Dealers Association (FADA), MC reported that the company’s EV volumes increased 136% year on year in calendar year 2025 to 51,387 units, representing 30% of India’s domestic EV market.
Over the same period, total electric passenger vehicle sales in the country rose 77% to 176,817 units.
Established manufacturers including Tata Motors, Mahindra & Mahindra, Maruti Suzuki and Hyundai are expected to broaden their electric vehicle portfolios over the next 12 to 18 months, supporting a gradual increase in EV penetration across the Indian market.
