Rajesh Exports readies investment for EV entry, in talks with states for display fab
Chennai: Jewellery exporter Rajesh Exports plans to make its entry into new technology segments like battery cells for electric vehicles and semiconductor display fabs through large, multi-year investments in Karnataka and other states.
“We will invest about Rs 50,000 crore over seven years in the electric vehicles division,” Rajesh Exports executive chairman Rajesh Mehta told ET.
Rajesh Exports plans to launch its own range of electric vehicles in 12-18 months, for which Karnataka has been decided as the investment destination.
