Bharat Alt Fuel to invest Rs 250 cr. for EV 2 wheeler plant – Fully make in India??July 11, 2022
Bharat Alt Fuel to invest Rs 250 cr. for EV 2 wheeler plant
- To invest Rs 250 crore in a phased manner to manufacture EVs, batteries and motors
- Krishnagiri, Tamil Nadu facility will be the hub for vehicle assembly, batteries and motors
- Provides employment opportunity for about 3,000 people
Bharat Alt Fuel (BAF) has announced an investment of Rs 250 crore for setting up of a Greenfield facility in Dist. Krishnagiri, Tamil Nadu. This is primarily to manufacture Electric Vehicles (EVs), batteries and motors. This integrated facility will be built over a land area of 40,000 sqmts and commence production in the second half of 2023. The investment will support a project that will span over three years. Thereby help localizing the manufacturing process as part of the 100% ‘Made-in-India’ pitch of the brand. The facility is expected to register an initial production capacity of 25,000 units and scale up to 100,000 EVs over the year.