An entry into automobile manufacturing would be a major diversification for JSW Energy. JSW intends to foray into automobile manufacturing by producing an electric car, code-named JSW car, at GM’s Pune car plant and sell it in the price range of ₹ 12-15 lakh, the person added. The facility, which opened in 2008, is spread over 300 acres, including the car plant, with an annual capacity of 130,000 vehicles. An entry into automobile manufacturing would be a major diversification for JSW Energy, which mainly produces power from coal, solar and hydro sources. (Read more about JSW electric car plan here and here.)

Source: Mint September 25, 2018 02:48 UTC