JSW Bets Big on Electric Buses and Trucks with Ampstar
What Happened
JSW Greentech, the electric commercial vehicle arm of JSW Group, has launched Ampstar, its new electric buses and trucks brand, marking the group's entry into commercial EV manufacturing. The company is setting up a 90-acre facility in Chhatrapati Sambhajinagar, Maharashtra, with an annual production capacity of 15,000 vehicles, including 10,000 electric buses and 5,000 electric trucks.
Key Takeaways
Ampstar signals JSW's ambitions to become a major player in India's commercial EV market. Beyond vehicles, the company plans to offer charging infrastructure, financing and fleet solutions, targeting a segment that accounts for a significant share of fuel consumption and transport-related emissions in India.