HOP Electric, vendors plan Rs 1,000-cr EV Park in Rajasthan
Electric mobility solutions provider HOP Electric Mobility, along with vendors, is looking to invest Rs 1,000 crore in the next three years to set up an electric vehicle manufacturing park in Neemrana, Rajasthan.
The company is acquiring 60 acres in Neemrana for setting up a second manufacturing facility, founder and chief executive Ketan Mehta told ET. “The first phase of the facility will be commissioned next financial year.” Its current manufacturing facility, with a capacity to produce 180,000 two-wheelers a year, is in Jaipur.
