JSW Group Employees To Get Cash Incentive For Buying Electric Vehicles From January 1, 2022
JSW Group on Monday said it will give up to Rs 3 lakh to its employees as an incentive to buy electric vehicles across India from January 1, 2022.
“In alliance with India’s Nationally Determined Contribution (NDC) and Sustainable Development Scenario (SDS) of International Energy Agency (IEA), Mumbai-based multi-billion dollar conglomerate JSW Group has launched its latest green initiative JSW Electric Vehicle (EV). policy for its employees across India,” the company said in a statement.
The company claimed that this is the first of its kind initiative by any major Indian corporate entity.
The new EV policy will facilitate incentives of up to Rs 3 lakh for employees to buy electric vehicles – four and two wheelers. The policy aims to promote the adoption of electric vehicles across the group.
Apart from financial incentives, free dedicated charging stations for electric vehicles and green zones (parking slots) will be provided at plant locations for all JSW offices and employees.
Sajjan Jindal, Chairman, JSW Group, said, “Since the Prime Minister announced at the Glasgow COP26 meeting that India strives to reach net-zero carbon emissions by 2070, the new EV policy of JSW Group is a unique initiative to enable India There has been an increase in EV adoption in the U.S. and enabling access to green mobility.”
JSW Steel Limited has adopted a specific climate change policy and has set an ambitious CO2 emission reduction target of 42 percent by 2030 in the base year of 2005.
The $13 billion JSW Group has been ranked among the leading business houses of India. JSW has presence in various sectors such as energy, infrastructure, cement, paints, venture capital and sports.