From The Economic Times · Shally Mohile · · 1m 10s
JSW Greentech targets 100k electric CVs by 2030
JSW Greentech aims to become top three electric commercial vehicle maker in India by 2030 with 100,000 units
In brief
JSW Greentech aims to become top three electric commercial vehicle maker in India by 2030 with 100,000 units JSW Greentech will focus on heavy electric trucks and buses to capture growing market share in India's commercial vehicle sector Originally reported by The Economic Times.
JSW sets 2030 electric CV target
JSW Group aims to sell 100,000 electric trucks and buses annually by 2030, ranking among India's top three commercial vehicle makers.
“Once we as JSW Group get into that area, then we would also want to be one of the largest players, large in the top 2 or 3 players”
Heavy vehicles first focus
JSW Greentech will initially target heavy electric vehicles where adoption is growing fastest in the N3 category.
Market growth drivers
Electric truck sales in N3 category rose from 850 units in FY26 to 1,300 in first five months of FY27 due to state EV policies and rising fuel costs.
Market dominance challenge
Tata Motors, Mahindra, and Ashok Leyland currently hold over 78% of India's commercial vehicle retail sales with market shares of 33.4%, 26.4%, and 18.3% respectively.
AMPSTAR brand launch
JSW Greentech launches AMPSTAR brand with 55-tonne electric tractor-trailers as initial product, targeting expansion into smaller commercial vehicles.
In-house tech focus
JSW Greentech develops core technology in-house to enable localisation, with software and electronics retained internally while suppliers manufacture parts.
The takeaway
JSW Greentech will focus on heavy electric trucks and buses to capture growing market share in India's commercial vehicle sector
