JSW Group to invest Rs 40000 crore in Odisha for EV and battery plant

JSW Group plans to invest $4.82 billion to establish electric vehicle and battery manufacturing projects in Odisha. The conglomerate, which formed a joint venture with China's SAIC Motor in November, aims to compete with domestic and international players in India's growing EV market. The government hopes to achieve a 30% share of electric car sales by 2023.

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