The talks with BYD — currently importing cars into India at steep duties — include the possibility of contract manufacturing at JSW’s Maharashtra plant.JSW Motors is in advanced discussions with Chinese EV leader BYD and several other global players, including Geely, Chery, Xiaomi, Nio Auto and Li Auto, for access to platforms and core components. JSW has lined up investments of nearly ₹26,000 crore over the next five years as it prepares to enter India’s competitive passenger car market through its new entity, as reported The Times of India.
JSW Motors already operates a separate joint venture with SAIC for JSW MG Motor India, but Nayak emphasised that the new entity will remain independent, with technology partnerships rather than ownership tie-ups driving its growth.
JSW Motors plans to roll out its first vehicles before June 2026 from its upcoming greenfield factory in Maharashtra, which will have an installed capacity of 5 lakh units annually. The company has set an ambitious target of 25 new model launches by 2030, covering electric vehicles, plug-in hybrids, and range extenders, with SUVs as its initial focus.
CEO Ranjan Nayak confirmed that JSW Motors is also holding discussions with European automakers such as Volkswagen and Renault. “What we are looking at through the talks with various companies is access to components, access to core tech, and platforms. Brutal localisation is our aim. Whoever is aligned with this goal is someone we are ready to collaborate with,” he said, adding that the company is not seeking equity tie-ups but will pay technology fees upfront and through royalties.
JSW talks with Chinese automakers
The talks with BYD — currently importing cars into India at steep duties — include the possibility of contract manufacturing at JSW’s Maharashtra plant. “BYD can make here, localise here, and export to the US and Europe. India could become an export hub for global markets,” Nayak said.
In terms of pricing, JSW’s first wave of models is expected to be positioned in the ₹22–25 lakh range, including SUVs and a premium sedan by 2027. The company also plans to tap the mass market with products such as hatchbacks for fleet and taxi buyers, priced at ₹8–9 lakh.
JSW Motors already operates a separate joint venture with SAIC for JSW MG Motor India, but Nayak emphasised that the new entity will remain independent, with technology partnerships rather than ownership tie-ups driving its growth.
