JSW Motors, controlled by billionaire Sajjan Jindal, is working to enter India’s passenger vehicle (PV) market with a plug-in electric hybrid (PHEV) sport utility vehicle, scheduled for introduction in June, according to a report by Moneycontrol. The SUV is likely to carry a price tag of around ₹45 lakh, positioning the domestic manufacturer in the premium segment and in rivalry with luxury vehicle producers such as BMW and Mercedes-Benz.
Limited PHEV Competition in India
Currently, PHEV options in India are predominantly confined to luxury manufacturers. Production of the SUV will commence at JSW Motors’ upcoming manufacturing facility in Chhatrapati Sambhaji Nagar (previously Aurangabad) in Maharashtra. JSW Motors chief executive Ranjan Nayak was quoted as saying by Moneycontrol 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.
International Technology Partnership Under Discussion
The report added that JSW is in advanced negotiations with international automotive companies for a technology collaboration, with an agreement anticipated in the coming weeks. The proposed partnership is expected to concentrate on clean energy solutions, including electric vehicles, hybrids and range-extended electric vehicles (REEVs).
Nayak further 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’s Growing Portfolio
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.
Strong EV Performance
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.
