Tuesday, November 30, 2021
TelanganaTelangana govt signs MoUs with EV manufacturers

Telangana govt signs MoUs with EV manufacturers

Published: 30th Oct 2020 6:15 pm

Hyderabad: Telangana government has signed MoUs with electric bus manufacturers Olectra and Mytrah Energy, and three-wheeler EV manufacturer ETO Motors to support their plans of setting up manufacturing units in the State.

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The government has signed a MoU with Automotive Research Association of India (ARAI) for collaborative efforts in the research and development to aid in the manufacture of EVs.

Vikram Kailas, vice chairman and MD, Mytrah Energy signed a MoU and committed to invest Rs 2,000 crore and generating employment of 6,750 people. Venkateswara Pradeep, director of Olectra signed a MoU committing to an investment of Rs 300 crore and generating employment of 3,500 people.

ETO Motors signed the MoU and committed to invest Rs 150 crore with employment generation of 1,500 while Gayam Auto Works has announced their plans to invest Rs 250 crore in the State generating 1,400 jobs.

Rohit Vadera, co-founder and CEO of PUR Energy, the IIT-Hyderabad incubated startup announced plans to invest Rs 500 crore in the State generating 1,500 jobs.

Taxi aggregator Uber also launched its Green EV initiative and its commitment to introduce electric cars and rickshaws in the shared mobility space.


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