JSW’s Ampstar charges into ECV race with ₹2,500 cr bet

JSW Group has entered India’s electric commercial vehicle (ECV) market through its subsidiary JSW Greentech Limited, which will manufacture and sell electric trucks and buses under the brand name Ampstar.

The company has invested ₹2,500 crore to establish a manufacturing facility at Chhatrapati Sambhajinagar, Maharashtra, with an installed capacity of 15,000 vehicles annually. The plant, spread across 90 acres, has been completed in 16 months and production is scheduled to begin from October 2026, senior company executives said.

At peak utilisation, the facility is expected to generate a turnover of around ₹12,000 crore, they added.

JSW Greentech aims to build an integrated electric mobility ecosystem rather than limiting itself to vehicle manufacturing. Along with electric trucks and buses, the company plans to offer charging infrastructure, fleet operating solutions, financing options and after-sales services to help commercial operators transition to electric mobility.