Causis E-Mobility will probably be investing Rs. 2,823 crore to construct the brand new plant, which can come up in Talegaon. The plant will produce electrical three-wheelers for last-mile supply and passenger transport.
View PhotosA. Thackeray, Minister for Environment, Peter Kenz, Chairman Causis Group & others on the signing of MoU
The Government of Maharashtra has introduced signing a Memorandum of Understanding (MoU) with Causis E-Mobility, for organising a zero-emission EV manufacturing facility within the state. Causis E-Mobility Pvt Ltd, a three way partnership (JV) firm of UK-based Causis Group, will probably be investing ₹ 2,823 crore to construct the brand new plant, which can come up in Talegaon. The plant will produce electrical three-wheelers for last-mile supply and passenger transport, and it’s anticipated to generate about 1250 jobs within the state. This is the primary big-ticket funding underneath the just lately introduced Maharashtra EV Policy 2021.
Taking our dedication to make Maharashtra the lead state in Electric Mobility in India, GoM & @midc_india signed an MoU with Causis E-Mobility to arrange an EV manufacturing unit in Talegaon.
The funding of ₹ 2800 cr generates 1250 employment and can assist in local weather motion. pic.twitter.com/t4AAz1AH1q— Aaditya Thackeray (@AUThackeray) October 1, 2021
Commenting on the event, Aaditya Thackeray, Minister for Environment, Tourism and Protocol, Government of Maharashtra stated, “Taking our commitment to make Maharashtra the lead state in Electric Mobility in India, GoM & MIDC have signed an MoU with Causis E-Mobility to set up an EV production unit in Talegaon. The investment of ₹ 2,800 crore will generate 1,250 employment opportunities and will help in climate action,” The MoU signed for Phase 1 will contain the development of the brand new EV plant in Talegaon. However, for Phase 2, Causis E-Mobility will arrange its personal battery Gigafactory in Maharashtra to fabricate and provide EV batteries.
Also Read: Maharashtra EV Policy 2021: State Incentives On Electric Vehicles Explained
The funding will generate 1,250 employment alternatives and can assist in local weather motion
Also Read: Maharashtra EV Policy: State Government Announces Incentives And Parking Area Regulations For Charging Infrastructure
The Government of Maharashtra had launched a complete Electrical Vehicle Policy in July 2021, to stimulate the manufacturing of Battery Electric Vehicles within the State. The coverage gives elaborate incentives which can be unfold throughout three broad classes – provide aspect, demand aspect and particular incentives for EV Charging Infrastructure. To that impact, the State Government has additionally drawn up a roadmap to usher in a transition within the transportation ecosystem of Maharashtra that’s aimed toward attracting investments.
Also Read: Maharashtra EV Policy Goes Live; Electric Two-Wheelers To Become More Affordable
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This includes facilitating the institution of producing items and inspiring the manufacturing of electrical autos, electrical automobile elements together with Advance Chemistry Cell (ACC) batteries and electrical automobile provide gear (EVSE). The Government says that Maharashtra’s second capital Nagpur is the primary metropolis in India to pilot electrical mass mobility with a fleet of 200 electrical autos.
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With inputs from NDTV
