Nayak added that JSW Motors is looking at multiple powertrain options, including electric and range-extender solutions, to address concerns such as range anxiety. Instead of developing everything from scratch, the company plans to leverage proven global technologies while steadily building its own R&D capabilities in India to deliver good-quality products at accessible price points.

He also pointed to the strength of India’s broader EV ecosystem, from auto component suppliers to software, engineering firms and startups, which he says will play a key role in the transition. Though Nayak acknowledged near-term challenges in localisation while talking about rare earth materials and electronics. He further added government measures such as PLI schemes and increasing domestic capacity should ease these issues over time.