Analysts, however, say JSW investors might not appreciate its entry into the electric vehicles segment. Photo: ReutersMumbai: JSW Energy will invest up to Rs4000 crore to produce electric vehicles (EV), the company’s joint managing director and chief executive officer (CEO) Prashant Jain said on Friday. The first electric vehicles from the group will hit the roads by 2020, Jain added. Analysts say JSW investors might not appreciate its entry into the electric vehicles segment. “Investors are likely to approach the stock very cautiously, particularly given the environment for electric vehicles in India.

Source: Mint August 11, 2017 15:11 UTC