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JSW Greentech Enters Commercial EV Segment with Ampstar

Written by: Team Angel OneUpdated on: 22 Sept 2026, 9:16 pm IST
JSW Greentech has launched Ampstar for commercial electric buses and trucks, with a 15,000-unit annual plant in Maharashtra.
JSW Greentech Enters Commercial
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JSW Greentech has introduced Ampstar, its commercial electric vehicle brand, as the JSW Group moves into electric buses and trucks, as per news report. The brand was launched on September 22, 2026. 

The company said the vehicles will be made in India and developed for Indian roads, weather conditions and day-to-day commercial use. 

15,000 Vehicles a Year 

A 90-acre electric vehicle manufacturing plant is being set up at Chhatrapati Sambhaji Nagar in Maharashtra. The facility will have a combined annual capacity of 15,000 electric buses and trucks. 

The planned capacity includes 10,000 buses and 5,000 trucks. The plant will have integrated battery systems and an automatic line for truck cabins. 

JSW Greentech said the facility will use a PTD process that can increase structural strength by around 50%. 

Initial Vehicle Range 

Ampstar will make buses ranging from 7 metres to 18 metres. The range will cover school, city, and intercity applications. 

On the truck side, the company will begin with a 55-tonne electric tractor-trailer. Tippers, fixed-body trucks, and dumpers are expected to be added later. 

The company is also planning different ways for customers to operate the vehicles. These include leasing, Battery-as-a-Service charged on a per-kilometre basis and per-person-per-kilometre arrangements for buses. 

For trucks, Ampstar plans to use a per-tonne-per-kilometre model. Lifetime maintenance support will also be available. 

Development Over 16 Months 

Parth Jindal, Managing Director of JSW Cement and JSW Paints, said Ampstar was developed from inception to launch in 16 months. The company consulted corporates, fleet operators, drivers, and passengers during this period. 

Sumit Mittal, CEO of JSW Greentech, said commercial vehicles account for a significant portion of India’s diesel consumption. He said the company was looking at electric vehicles in the segment from an operating-cost perspective. 

Previous Regulatory Approval 

JSW Greentech was established in 2024. In February 2026, it received CMVR Type Approval from the Automotive Research Association of India for the JSW 12M 51+D AC SDX electric bus. 

Read More: SEBI Expands AI Use to Monitor Market Manipulation and Online Fraud! 

Conclusion 

The approval allows production and commercial rollout, subject to orders and state procurement processes. The Ampstar launch now brings the company’s planned bus and truck operations under one commercial EV brand. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Sep 22, 2026, 3:46 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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