Maharashtra bags Rs. 2,800 crore investments for EV manufacturing
Maharashtra government signed a pact with Causis-E-Mobility Pvt Ltd to set up an EV manufacturing facility
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Mumbai, October 2: The Maharashtra government signed a pact with Causis-E-Mobility Pvt Ltd to set up an electric vehicle / EV manufacturing facility in the state. This makes it the first large investment under the recently announced Maharashtra EV Policy 2021.
Nagpur, the second capital city of Maharashtra, is the first Indian city to the lead the electric mass mobility having a total of 200 electric vehicles. One electric car saves an average of 1.5 million grams of CO2, which equal 4 return flights from Mumbai to Delhi.
This investment of Rs. 2,800 crores will be generating 1,250 employment opportunities. The MoU for the Phase-1 unit was signed on Friday at Talegaon, Pune.
In Phase-2, Causis-E-Mobility Pvt Ltd will set up its own battery Gigafactory in Maharashtra, to manufacture and supply EV batteries.
Under the Maharashtra EV Policy 2021, the state has drawn a road map to bring in a transition in the transportation ecosystem of Maharashtra. It is aimed at attracting investments, facilitating the establishments of manufacturing units, and encouraging the production of EVs, their components, the EV supply equipment.
Nagpur, the second capital city of Maharashtra, is the first Indian city to the lead the electric mass mobility having a total of 200 electric vehicles. One electric car saves an average of 1.5 million grams of CO2, which equal 4 return flights from Mumbai to Delhi.
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The Maharashtra EV Policy 2021 is also showing the way for cleaner streets making towns, cities a better place for pedestrians and cyclists.
It will give a boost to the ecosystem in the state which is planning to achieve a 25% EV share in public transport in Mumbai, Nagpur, Aurangabad, and Nashik.