Sajjan (left) and Parth Jindal.
This story is part of Forbes’ coverage of India’s Richest 2024. See the full list here.
Sajjan Jindal, the son of India’s richest woman, Savitri Jindal, is steering his Mumbai-based steel-and-energy giant JSW Group into making cars. In March, he bought 35% of MG Motor India from China’s SAIC Motor for an undisclosed amount.
“When the transition [to EVs] started happening...we felt the playing field was becoming a lot more even.”
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Parth Jindal, son of Sajjan and a director of the renamed JSW MG Motor, is especially bullish on the electric vehicle market as India promotes the industry to reduce its dependence on imported crude oil. “When the transition[to........