TOMCAR and JSW Group formed a joint venture.

TOMCAR, a company specializing in high-performance off-road vehicles, and JSW Group, an Indian multinational conglomerate, formed a joint venture. Financial terms were not disclosed. "We are delighted to announce this strategic joint venture between JSW Sarbloh Motors and Tomcar USA, which marks a significant milestone in our commitment to enhance India's defence capabilities. The TX platform is designed to meet the rigorous demands of our armed forces and security agencies whilst ensuring superior durability, flexibility, and safety. At JSW, we believe in combining cutting-edge technology with local production capabilities to foster a robust industrial ecosystem that strengthens our national security and creates job opportunities,” Parth Jindal, JSW Group Managing director.