JSW moved gears with fresh financing in auto biz, new EV models on the way

Copyright © HT Digital Streams Limit all rights reserved. JSW Group doubles on an auto-biz with $ 115 million fund infusion in its own brand, Eyes $ 300 million fundraising for MG JV Ayaan Kartik 3 min Read 20 Aug 2025, 05:30 am Ist in July pumped the SAJan Jindal-led Conglomerate $ 115 million in JSW Green Mobility. (Reuters) Summary At the same time, the group is looking for up to $ 300 million from external investors for MG car India, which currently sells the group’s vehicles in the country (the internal brand has yet to launch its first vehicle). New Delhi: Mumbai-based Corporate Behemoth JSW Group, which is more famous for its large companies on steel, energy, cement and infrastructure, strengthens investments in its emerging mobility company in both its full-fledged car arm JSW Green Mobility and in JSW MG Motor India, a joint venture with China’s SACE. In July, SAJAN Jindal-led Conglomerate pumped $ 115 million into JSW Green Mobility, the submission to the Ministry of Corporate Affairs showed. The company raised the funds by issuing optional convertible debentures (OCDs) worth £ 1,000 crore to JSW projects promoted by the Jindal family. The Council of JSW Green Mobility approved the issuance of OCDs to raise up to £ 1,000 crore ‘to utilize the returns for the purpose of investing in subsidiary (ies) and/or other group companies, said capital spending and general corporate purposes, including debt and interest repayment. At the same time, the group is looking for up to $ 300 million from external investors for MG Motor India, which currently sells the group’s vehicles in the country (the internal brand has yet to launch its first vehicle). Almost 14 funds have expressed interest in financing, and a final call to bring new investors into MG car will be taken next month when a council meeting with SAIC takes place, according to a person who is directly aware of the matter. “The discussions are underway between the two partners.” A council meeting arrives in September, which is when they will decide. The company is waiting to see when to do it because they are not in a hurry, ‘this person said on condition that he is not mentioned. A spokesman for the JSW group said the group continues to evaluate strategic investment opportunities in its businesses: “Although we do not comment on specific funding structures above that are available in statutory filing, we can confirm that all such transactions comply with applicable laws.” As for the JSW MG Motor India, the spokesman refused to comment on “Specials regarding potential fundraising, investors or board level. We will make appropriate disclosures in accordance with the regulatory requirements. did not develop it – including both passenger vehicles and commercial vehicles. The next financial year is introduced, and will be rolled out of a fresh plant that takes shape in Chhatrapati Sambhajinagar in Maharashtra. The Indian government has been imposed. Value -adding has been sold in India and in India. ‘ According to Puneet Gupta, director of S&P Global Mobility, JSW Group gained critical insights into the EV business through its entry with MG Motor India. For a newcomer like JSW, this is the right moment to step in, as most companies are still early in the EV race and market positions can move quickly, “he explained. Gupta added that MG car’s quick climb to the No. 2 -place in the EV space with its Windsor model proves how fast the EV market can be shaken in India. End of the first quarter of this fiscal sold more than 16,000 EVs. ‘s largest passenger vehicle business – Maruti Suzuki – and other top brands such as Hyundai car India, Mahindra and Mahindra, and Tata Motors, are all increasing their presence in the Clean Cars segment. Holdings #MG Hector #Evs Read Next Story