Adani expands his green plan, eyes foray into EVs

Along with steel, Gautam Adani, India’s second-richest person and head of the ports-to-power conglomerate Adani NSE -2.01 % Group, may now be eyeing the auto sector.

A trademark has been registered for the name ‘Adani’, proposed to be used for vehicles, by S.B. Adani Family Trust.

The plan is to enter the EV space, Times of India reported, quoting sources.

The Group will first look at electric commercial vehicles — coaches, buses and trucks and will initially use them for its in-house requirements in airports and ports, according to the report.