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JSW Group to invest $5 billion in EV projects in eastern India

By Economic Times - 10 months ago
JSW Group plans to invest 400 billion rupees in EV manufacturing projects in Odisha, India. Electric models accounted for 2% of India's car sales last year, with Tata Motors leading the market. The government aims to achieve a 30% share of EV sales by 2023. JSW Group will allocate 250 billion rupees for an EV battery manufacturing plant and an EV components plant in the initial phases.

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