Uber, JSW Group tie up to deploy EVs in India’s ride-hailing market

May 21: Ride-hailing firm Uber saigned an agreement with Indian steel-to-cement conglomerate JSW Group on Thursday to develop and deploy electric vehicles for ‌the domestic market.

Here ⁠are ⁠some details:

* The vehicles will be tailored for India’s ride-hailing market to help scale EV adoption, the companies said in a statement, without disclosing ⁠any financial ‌details.

* Earlier this year, ​JSW ​MG Motor, a ⁠joint venture between China’s SAIC Motor and ​JSW Group, said it plans ​to invest up to $440 million to expand its India factory and launch new hybrid and electric ‌models.

* EVs accounted for 7.29% of India’s total ​auto ​sales, as ⁠of the third quarter of fiscal year 2026, with two- and three-wheelers ​making up the bulk of purchases, according to the Indian Brand Equity Foundation.