The proposed partnership is expected to focus on clean energy solutions, including electric vehicles, hybrids and range-extended electric vehicles.JSW Motors, led by billionaire Sajjan Jindal, is set to enter India’s passenger vehicle market with a plug-in electric hybrid (PHEV) SUV, scheduled for launch in June, according to a report by Moneycontrol.
The SUV is expected to be priced at around ₹45 lakh, placing the homegrown brand in the premium segment and in direct competition with luxury carmakers such as BMW and Mercedes-Benz.
At present, PHEV offerings in India are limited largely to luxury manufacturers.
Manufacturing in Maharashtra plant
Production of the SUV will begin at JSW Motors’ upcoming manufacturing facility in Chhatrapati Sambhaji Nagar (formerly Aurangabad) in Maharashtra.
JSW Motors chief executive Ranjan Nayak told Moneycontrol, in response to the query, that the company will make its debut in the passenger vehicle segment with a hybrid model later in 2026, with the new plant playing a central role in the rollout.
People aware of the discussions said JSW is in advanced talks with international automotive companies for a technology partnership, with an agreement likely in the coming weeks.
The proposed partnership is expected to focus on clean energy solutions, including electric vehicles, hybrids and range-extended electric vehicles (REEVs).
Tie-ups with foreign technology players
Nayak said the company is evaluating technology partnerships with multiple global players and is progressing on its retail and distribution strategy, with the first dealership expected closer to the product launch. He added that it was premature to comment on specific details related to partnerships, investments or product specifications.
JSW Group, with interests spanning steel, energy, infrastructure, ports and paints, entered the automotive sector in late 2023 after acquiring a stake in MG Motor India from China’s SAIC Motor. JSW and Everstone Capital together hold a 51 per cent stake in the company, now renamed JSW MG Motor India, and JSW has indicated plans to further increase its holding by acquiring SAIC’s remaining shares.
JSW MG Motor India manufactures electric and internal combustion engine passenger vehicles and is currently the seventh-largest car brand in the country. It is also the second-largest electric passenger vehicle maker, behind Tata Motors. In 2025, the MG Windsor emerged as the highest-selling electric passenger vehicle in India.
According to FADA data, JSW MG Motor India’s EV volumes rose 136 per cent year-on-year in 2025 to 51,387 units, accounting for 30 per cent of the domestic electric PV market. Industry players expect intensified competition as legacy automakers ramp up EV launches over the next 12–18 months, pushing EV penetration closer to 10 per cent from about 4 per cent in 2025.
