JSW Group is reportedly in advanced talks to team up with leading Japanese and South Korean firms for a joint venture in battery-cell manufacturing in India, marking a major step in strengthening the domestic energy-storage ecosystem and reducing dependence on overseas supply.
The proposed partnership aims to leverage Japan and Korea’s mature battery-technology capabilities to set up large-scale cell production in India, servicing not only EVs but renewable energy storage and grid-scale applications.
One of the driving motives for this move is China’s tightening control over export of critical battery- and anode-technology components, prompting India and Indian companies like JSW to look for alternative technology alliances and localise manufacturing.
According to sources, JSW expects to finalise the JV structure and choose its partner(s) by March 2026. The new entity may be formed as a standalone venture or integrated into one of JSW’s existing arms depending on the investment and strategic fit.
JSW is already active in the EV and clean-energy space: its subsidiary is preparing to launch electric two- and four-wheelers, while its manufacturing facility in Aurangabad is slated to house EVs, battery-packs and eventually full cell production. The new JV is poised to supply advanced lithium-ion cells to that ecosystem.
India’s demand for lithium-ion batteries is projected to surge to around 150 GWh by 2030, and with domestic manufacturing capacity still limited, JSW’s push for a partnered cell-plant could be a pivotal move toward turning India into a global battery-manufacturing hub.
