JSW Group Offers ₹ 3 Lakh EV Buying Incentive To Its Employees

EV Ultimo Team


JSW Group Offers ₹ 3 Lakh EV Buying Incentive To Its Employees

Aligned with India’s Nationally Determined Contributions (NDCs) and Sustainable Development Scenarios (SDS) of The International Energy Agency (IEA), Mumbai-based multi-billion-dollar conglomerate The JSW Group, has revealed their most delinquent Green initiative JSW Electric Vehicle (EV) Policy for its employees across India. This is the first initiative of its kind by a prominent Indian corporate house. The policy reads that JSW group will offer  ₹ 3 Lakh to its workers who will buy an electric vehicle. This incentive is set to commence from the 1st of January 2022. This movement by the conglomerate is in sync with our country’s target to reach net-zero carbon emissions by the year 2070.  Apart from financial incentives, free-of-cost dedicated charging stations and green zones (parking slots) for electric vehicles will be equipped at all JSW offices and plant locations for employees.

Sajjan Jindal, Chairman, JSW Group said, “Since our honourable Prime Minister announced at Glasgow COP26 meeting that India strives to reach net-zero carbon emissions by 2070, JSW Group’s new EV Policy is a unique initiative leading to increased adoption of EVs in India and enabling access to green mobility. We would continue to move ahead responsibly, singularly focused on reducing our own impacts while being pioneers in the sustainability domain. The goal is to build ambition among corporate and government bodies to support India’s transition to net zero by 2070.”

As one of India’s leading conglomerates, JSW Group has consistently been the front runner in integrating sustainability into its core policies, and practices along with adopting the Best Available Technologies (BAT) to improve climate impact performance.