JSW eyeing GM’s Pune plant to make its electric car
September 25, 2018
GM is in advanced talks with JSW Energy to sell its Pune plant, where the Sajjan Jindal-led firm plans to make its electric car, code-named JSW car, and sell it in the range of Rs 12-15 lakh. GM currently uses the factory at Talegaon in Pune to produce some models of its Beat hatchback solely for exports. The factory is valued anywhere between Rs 3,000 crore and Rs 3,500 crore, which includes land cost, an engine assembly line and car assembly line.