Gujarat to become India’s first electric vehicle (EVs) hub with a number of automakers looking to set up shop in the state to manufacture products and components. With policy focus shifting in favour of greener technologies and carmakers being forced to adopt electric and hybrid systems, Gujarat leads the race for manufacturing of such systems.
Suzuki Motor Corp.’s recent announcement in this space, has just been followed by JSW Group which has signed an agreement with Gujarat government to promote production of battery operated vehicles in the state along with the production of electrical battery, storage solutions and charging infrastructure.
According to a state government release, the company will investment Rs4,000 crore in the venture. According to two officials close to the development, JSW wants to build two lakh vehicles annually and has finalised a location—around 500 acres—near Suzuki’s manufacturing facility in Hansalpur.