The energy-focused subsidiary of Indian steel company JSW has made an agreement with the Indian state of Maharashtra to begin construction of a factory to manufacture electric vehicles and batteries there.
A similar agreement was struck between JSW Energy and the Indian state Gujarat last September. There, JSW wants to produce around 200,000 EVs, batteries and charging systems annually in the future.
The first EV under the JSW brand is set to roll out in 2020. The decision by JSW last August to invest 40 billion rupees (504 million euros) in electric mobility is sped along by the government efforts to have only electric vehicles on Indian roads by 2030.
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