NEW DELHI, May 27 -- JSW Group has infused Rs.3,000 crore into its automobile business and tripled its borrowing limit to Rs.15,000 crore, accelerating billionaire Sajjan Jindal's push to build a fully-owned automobile manufacturing business ahead of its first vehicle launch later this year. The latest capital infusion-the largest single round of promoter funding into the business since it was incorporated in 2023-comes as JSW steps up its push into passenger and commercial vehicles, seeking an independent play beyond its existing joint venture with China's SAIC Motor, formed in 2024. Jindal family-owned JSW Green Mobility Ltd, which houses the group's passenger and commercial vehicle businesses, issued compulsory convertible participating preference shares worth Rs.3,000 crore to another promoter-owned entity, JSW Projects, in April, according to a 23 April disclosure made to the Ministry of Corporate Affairs. The funds will be allocated to the company in tranches, with the first tranche of Rs.500 crore already released, filings showed. Separately, JSW Green Mobility increased its borrowing limit from Rs.5,000 crore to Rs.15,000 crore, according to a regulatory filing dated 11 May. The company said the funds would be used for "investment in subsidiary(ies) and/or any other group companies; financing the capital expenditure; general corporate purposes including repayment of existing debt and interest". With the latest tranche, the Jindal family has infused Rs.5,600 crore into the automobile venture since the company was incorporated. The funding push comes as JSW prepares to launch its first passenger vehicle in the October-December quarter, while simultaneously building out its commercial vehicle business. "JSW Steel still remains his (Sajjan Jindal) first love, but JSW Motors is sharply competing for his time. He's spending a lot of time on JSW Motors," Jayant Acharya, chief executive officer and joint managing director of JSW Steel, told Mint in an interview earlier this month. Queries sent to JSW Group remained unanswered till press time....