JSW in Talks with Japanese, South Korean Firms for India Battery JV to Reduce China Reliance
JSW Group is in advanced negotiations with Japanese and South Korean companies to form a joint venture for manufacturing battery cells in India. This strategy is designed to secure supply chains for its new energy vehicle business and reduce dependence on Chinese battery imports. The joint venture, expected to be finalized by March, will support production for new energy vehicles, energy storage, and renewable energy integration projects.
The article reports that JSW Group, a major Indian conglomerate, is engaged in advanced discussions with firms from Japan and South Korea to establish a joint venture for the production of battery cells within India. This initiative is part of JSW’s broader strategy to secure a stable and localized supply chain for its burgeoning new energy vehicle (NEV) business, thereby reducing reliance on battery imports from China. The move comes as India’s automotive sector increasingly pivots toward electrification, with domestic and international players investing heavily in manufacturing capabilities. The proposed joint venture is anticipated to reach a conclusion by March, at which point it would begin supplying battery cells not only for electric vehicles but also for energy storage systems and integration with renewable energy projects. The collaboration is expected to enhance India's self-reliance in critical EV components and support the nation's ambitions for a robust, sustainable mobility ecosystem. This development reflects a growing trend among Indian manufacturers to diversify supply sources and build local expertise in advanced battery technologies, in line with global shifts toward cleaner energy and transportation solutions.
