After having made its mark on India’s auto manufacturing map, Gujarat is now hoping to emerge as the preferred destination for the production of electric and hybrid vehicles. JSW Energy has already announced its plans to set up an electric car plant in Gujarat. Suzuki Motor Corporation and MG Motor India, a subsidiary of China’s SAIC Motor Corporation Limited, may also make electric or hybrid vehicles at their plants in the state.
JSW Energy, a part of Sajjan Jindal-led JSW group, on Tuesday inked a memorandum of understanding (MoU) with the Gujarat government for setting up a production facility for electric vehicles as well as electrical batteries and energy solutions, at Vaanod near Dasada, Surendranagar. The project cost is estimated to be Rs 4,000 crore. Read More…
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