Two major Indian conglomerates, Tata Group and JSW Group, are planning to invest nearly $1 billion to strengthen domestic capabilities in electric-vehicle and battery technologies, according to people familiar with the matter. The move highlights increasing efforts by Indian industry to reduce reliance on Chinese technology and build indigenous expertise in the rapidly growing EV sector.
Sources said both groups are independently establishing research and development centres focused on next-generation battery systems and advanced electric-vehicle technologies. The discussions remain private, and the companies have not officially announced detailed investment plans.
Battery systems remain the costliest and most technologically complex component of electric vehicles, making localisation a strategic priority for manufacturers. The planned investments signal a broader push by Indian companies to develop domestic manufacturing capacity and proprietary technology in critical clean-mobility segments.
The initiatives also come at a time when China has become increasingly cautious about sharing key technologies amid rising trade tensions and tariff disputes with the United States.
News by Rahul Yelligetti.