Maharashtra government invests 2,800 crore rupees to manufacture electric vehicles, Auto News, ET Auto

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He added that the Memorandum of Understanding (MoU), signed with Causis E-Mobility Pvt Ltd, a joint venture (JV) of the British group Causis, is expected to transform Maharashtra into a leading state in terms of the adoption of electric vehicles. in the country.

MUMBAI:

The government of Maharashtra on Friday signed a pact with Causis E-Mobility Pvt Ltd to set up an electric vehicle (EV) manufacturing plant in the state, making it the first major investment under the recently announced Maharashtra EV Policy 2021.

“Taking our commitment to make Maharashtra the leading state of electric mobility in India, the state government and the Maharashtra Industrial Development Corporation (MIDC) have signed a memorandum of understanding with Causis E-Mobility to set up an electric vehicle production unit in Talegaon.

“The investment of Rs 2,800 cr will generate 1,250 job opportunities,” State Environment and Tourism Minister Aaditya Thackeray said in a statement.

He added that the Memorandum of Understanding (MoU), signed with Causis E-Mobility Pvt Ltd, a joint venture (JV) of the British group Causis, is expected to transform Maharashtra into a leading state in terms of the adoption of electric vehicles. in the country.

The state government unveiled a comprehensive electric vehicle policy in July 2021, to boost manufacturing of battery electric vehicles in the state.

The MoU for the Phase 1 unit in Talegaon, Pune, was signed here on Friday.

During Phase 2, Causis E-Mobility Pvt Ltd will establish its own battery gigafactory in Maharashtra to manufacture and supply batteries for electric vehicles.

As part of the Maharashtra EV Policy 2021, the state has developed a roadmap to transition the Maharashtra transport ecosystem. It aims to attract investment, facilitate the establishment of manufacturing units and encourage the production of EVs, their components and EV power equipment.

Nagpur, Maharashtra’s second capital, is the first Indian city to pilot mass electric mobility with a fleet of 200 electric vehicles. With the use of an electric car saving an average of 1.5 million grams of CO2, the equivalent of four round-trip flights from Mumbai to Delhi, the Maharashtra EV Policy 2021 also paves the way for cleaner streets making of our cities a better place to be for pedestrians and cyclists.

To boost EV manufacturing in the state, the new EV policy offers elaborate incentives that fall into three broad categories: supply, demand, and special incentives for EV charging infrastructure.

MIDC said in a statement that the MoU with Causis E-Mobility aims to improve the manufacturing of electric vehicles and develop a strategy for transitioning to the goal of zero emissions.

The transition to an electric vehicle from a conventional fleet requires a planned strategy that not only neglects the merger of the energy and transport sector, but also the relationship between consumers and vehicles.

This will give a boost to the already developed ecosystem in the state which plans to achieve a 25% share of electric vehicles in public transport in Mumbai, Pune, Nagpur, Aurangabad and Nashik.

He said the MoU facilitates a proposed investment of Rs 2,823 crore and direct employment of Rs 1,250.

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The memorandum of understanding signed for the Phase 1 unit in Talegaon, Pune, with Causis E-Mobility Pvt Ltd, a joint venture of the British group Causis, is expected to transform Maharashtra into a leading state in the adoption of electric vehicles in the country, a press release said.


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