new delhi, Aug. 28 -- Billionaire Sajjan Jindal is expanding the ambit of the JSW Group's automotive business to add components for electric and hybrid vehicles to its kitty. The group has already made significant investments in electric vehicles (EVs)-both passenger and commercial-and an EV battery business. The group's components business-JSW AutoComp-was created by renaming JSW NxGen Charge Ltd, an EV charging infrastructure company that was established in August last year. The final regulatory filing to complete the conversion of the company from a charging industry player to auto components was done in June, according to filings made with the ministry of corporate affairs. The move followed approval from shareholders of JSW NxGen Charge Ltd during an extraordinary general meeting in May. A resolution to both change the name of the company and its agenda to enter the auto component sector was approved by shareholders,the filings showed. The group's move to join the country's booming $111-billion auto components industry, along with its presence in steel manufacturing through JSW Steel, would give Jindal's conglomerate a vertically integrated play in the automotive sector, something which only the Tatas currently have through Tata Motors and Tata AutoComp, and their steel company Tata Steel. Industry observers suggest that the company can unlock synergies from the steel business, a key raw material for automobiles. "For JSW Group, it can look to leverage its position in the steel business and work across the end to end supply chain and to increase their presence in automobile components," Puneet Gupta, director at S&P Global Mobility, said. "The components can support its captive automobile business and also the joint venture." The joint venture referred to is JSW MG Motor, a partnership between JSW Group and SAIC Motor of China. Separately, JSW Group has three other privately held bus and auto companies-JSW Green Mobility and its subsidiaries JSW Motors (to manufacture electric and hybrid passenger cars) and JSW Greentech (for commercial vehiclessuch as buses and trucks). The company has not officially acknowledged the move into auto components so far, with officials keeping mum. The group declined to comment on queries sent by Mint. The 65-year-old chairman of the conglomerate Sajjan Jindal has previously asserted that JSW wants to build a fully localised play. "Our idea is not to be an outpost of a Chinese company to sell products in India," Jindal said in an interview with Financial Times. "We want to manufacture the products in India, value-add in India, and sell in India." The conglomerate's quiet moves in the component space come at a time when it is pumping in money into the auto business through which it plans to sell cars, buses and trucks. In July, JSW Green Mobility, the holding company of its passenger and commercial vehicle business, saw a $115 million infusion from Jindal's wholly owned firm JSW Projects. The group is also leading efforts to bring in $300 million into MG Motor and is scheduled to hold talks with SAIC in September to finalise the timeline of this investment. According to a person aware of the matter, the group is in talks with more than a dozen investors....