Gautam Adani-led Adani Enterprises is set to make a big-ticket entry into electric buses manufacturing, at least three people in know of the development said.
The group, which plans to set up a manufacturing base in its special economic zone at Mundra in Gujarat, is in talks with a Taiwanese electric bus maker for technological tieup, these people said. Experts believe that Adani’s entry, along with a foreign player, will change the dynamics of the Indian electric buses segment that has limited players.
Tata Motors, Ashok Leyland, JBM Group and Mahindra & Mahindra are among the other players in the Indian e-bus market. China’s BYD has marked its presence in the newly-opened Indian e-bus market in tie-up with Hyderabad-based Goldstone Infratech. An Adani spokesperson said the company does not comment on market speculations.
“Adani plans to set up a manufacturing facility in its Mundra SEZ. It plans to cater to the Indian and export markets, including Africa and the Middle East, through the facility,” a person close to the development said. Read More
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