The group, through its joint venture company JSW MG Motor India, entered the electric vehicle space earlier this year and currently relies on the Chinese company for technology.

JSW had earlier announced a $1.5 billion joint venture with SAIC Motor, the Chinese automaker behind the MG brand, to produce and sell MG EVs in India

Months after forming a $1.5 billion joint venture with China's SAIC Motor for electric vehicles, JSW Group plans to launch its own EV brand. JSW Chairperson Sajjan Jindal emphasized producing and selling in India.