Rs 2,800 cr investment for Pune plant; more govt support on EV ecosystem, finance needed: Causis E-mobility
Pune: The director and CEO of the commercial e-mobility firm Causis, Ravi Panga, said in an interaction with TOI that agreements for a Rs 2,800 crore electric vehicle manufacturing plant at Talegaon, on the outskirts of Pune, are in the final stages, with plans for more production facilities elsewhere in India also underway.
Panga also added that the company has also opened a subsidiary in Mauritius, to target the emerging e-mobility markets in southern and eastern African countries, and are also evaluating their future manufacturing facilities in India based on orders from the respective regions, and the market access they would provide. Currently, Causis, besides international orders, have an order to supply Mumbai’s transport utility, BEST, with 700 electric buses, and are in talks with other public transport utilities.
