JSW Group chairman Sajjan Jindal, while speaking with Business Today at World Economic Forum in Davos, said that now is the time for India to build a very high-quality car like Tesla
The industrialist revealed that he has envisioned a made-in-India high quality electric vehicle (EV) and said that "he is working on building it"
"I am very passionate about cars, and that's been my childhood passion. I've been really wanting to build a car project for a long time," he told BT TV Managing Editor Siddharth Zarabi at World Economic Forum 2023
Jindal highlighted that he has plans make a car in India "for the world." He added that with a strong focus on quality, the car will be made for markets like India, Europe, US, and Japan
Speaking at Davos, he also added that while price factor won't be a competitive advantage in his plan, but the idea is to eliminate the need to import cars like Mercedes or BMW from other countries
"The two key challenges - battery storage and car charging - will no longer be a constraint in the EV sector over the next 2-3 years," said Sajjan Jindal while adding that battery will become a commodity in some years
Talking about the future of EVs at WEF, Sajjan Jindal said that with time electric cars and their technology are only going to mature and become more advanced
Citing an example of evolving technology, Sajjan Jindal said that a battery which gives you 300 kilometers today, the same battery may give 600 kilometers over time as the technology improves