June 29, 2022

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JSW Group launches EV Policy for employees offers Rs 3 lakh incentives 

JSW Group EV Policy

JSW Group launches EV Policy for employees offers Rs 3 lakh incentives 

JSW Group Energy and infrastructure major has announced a new electric vehicle policy for its employees to purchase electric vehicles. This initiative comes as part of its latest green initiative which will come into effect for its nationwide workforce from January 1, 2022. Read further to know more about JSW Group EV Policy. 

The company’s EV policy will facilitate up to Rs 300,000 incentive for employees to purchase electric vehicles. The EVs includes four-wheelers as well as two-wheelers. It is not only providing incentives but also providing some other EV related facilities such as free-of-cost dedicated charging stations and green zones (parking slots) for electric vehicles will be provided at all JSW offices and plant locations for employees.

Sajjan Jindal, Chairman, JSW Group said, “Since our Prime Minister announced at the 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.”

The $13 billion company employs around 40,000 people which means 40,000 people will be benefited from this policy.

Dilip Pattanayak, President and CHRO, JSW Group said, “With so many changes in the environment, automation, and processes, it is imperative to review and harmonize prevailing employee policies with contemporary practices. The transport sector in India is currently the third-largest emitter of CO2. The JSW EV policy, effective January 2022, will set a benchmark for others to follow. EVs are not only environmentally-friendly but also cost-effective.”

The JSW Steel Limited has also adopted a specific climate change policy and set an ambitious CO2 emission reduction target of 42 per cent over the base year of 2005 by 2030.

Also, read related article: Himachal Pradesh govt approved draft EV policy

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