JSW Group new policy effective from 1 Jan 2022, aims to promote EV adoption among its employees
In addition to offering financial incentives, under new policy JSW Group will also be providing free electric vehicle charging stations and green zones (parking spaces) to its employees.
JSW Group, an energy and infrastructure company with a turnover of USD 13 billion and 40,000 employees, has announced a new initiative to stimulate employee interest in electric vehicles.
To encourage its employees to buy electric vehicles, JSW offers up to INR 3 lakh in incentives. The incentive is available for both four-wheelers and two-wheelers.
The policy aims to encourage the adoption of electric vehicles across the Group, the company said in a statement. Besides providing financial incentives, JSW will also install free charging stations and green areas (parking slots) at all its offices and plants for employees, the statement further added.
Sajjan Jindal, Chairman of JSW Group, said, “Our new EV Policy will lead to increased adoption of EVs in India and will enable green mobility access. We will continue to move forward responsibly while simultaneously striving to reduce our own impact in addition to being pioneers in sustainability.”
With multiple changes in the environment, automation, and processes, Dilip Pattanayak, President & Chief HR Officer, JSW Group, emphasized the need to review and harmonize the prevailing employee policies.
Commenting on the noble initiative, he said, “In India, the transport sector is the third largest emitter of carbon dioxide. As we know, EVs are not only cost-effective, they’re environmentally friendly too as well as more efficient than conventional IC engine vehicles. The JSW electric vehicle policy, which takes effect from January 1, 2022 onwards will set the standard for others.”
With its workforce spread across India, the USA, Europe, and Africa, JSW Group operates in a number of industries including steel, energy, infrastructure, cement, paint, venture capital, and sports.
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