Sops, packages: How Hosur sealed the EV deal

Two Bengaluru-based mobility platforms launching their big two-wheeler factories in Hosur has brought Tamil Nadu’s aggressive Electric Vehicle (EV) policy into sharp focus. To woo them, the government went beyond the policy-based incentives with deal-clinching “customised packages”.

“We wanted Tamil Nadu to be the leader in manufacturing electric bikes and scooters as well. The state is the leader in automobile manufacturing and we did not want to lose the tag of being the leaders in EV manufacturing as well,” a government source told DH.

Both the companies had also approached Karnataka, with their own EV policy. But the mature automobile supplier base in the Hosur-Krishnagiri belt, readily available land through a ‘land bank’ policy, fiscal sops and proximity to their Bengaluru base helped them opt for Tamil Nadu.