JSW Energy Ltd’s decision to spend as much as Rs4,000 crore to set up electric vehicle (EV) and related businesses has been met with the usual scepticism by analysts.
The questions they ask include: how can an electricity producer with no experience in automobile manufacturing quickly churn out an EV? Will it be able to build the business with Rs4,000 crore? How feasible and profitable is that venture going to be, considering that JSW will have to compete with entrenched automobile companies with vast retail networks?
JSW has some simple answers. Most automobile companies’ investments in the segment are in a similar range. They say they will go for te chnical tie-ups avoiding upfront development costs. Read More…
Credit By : Livemint
What JSW Energy’s Electric Vehicles Bet Tells Us About India’s Power Sector added by Livemint on
View all posts by Livemint →
Latest posts by Livemint (see all)
- Ratnagiri Refinery May Now Come Up In Maharashtra’s Raigad - February 21, 2019
- Mother Of All Hiring Drives Will Augment Railways’ Workforce - February 20, 2019
- ONGC Delivers Stellar Q3 Result, But Concerns Over Oil Subsidy Sharing Remain - February 19, 2019
