Eye on turning numero uno in EV sector, Tamil Nadu releases fresh policy
Aiming to emerge as India’s electric vehicle hub, the Tamil Nadu government on Tuesday released an exclusive policy for electric vehicles (EV) with a special focus on cell and battery manufacturing to garner investments worth Rs 50,000 crore in the sector and create 1.5 lakh jobs over a period of five years.
The state also plans to develop two exclusive EV parks in Manallur near Chennai and Hosur, which will also house a Future Mobility Park spread over an area of 300 acres. Hosur-Krishnagiri-Dharmapuri (HDK) region is already emerging as a hub for electric vehicles with Ola, Ather, and Simple Energy, already setting up their manufacturing units in the area.
