Tamil Nadu is planning to set up a park exclusively for the electric vehicle production eco-system. This will be the country’s first electric vehicle park. The state is targeting around Rs 50,000 crore investment in the EV segment and announced a series of incentives to attract investments in the EV space.
Speaking at the Auto CXO Roundtable, Neeraj Mittal, MD & CEO at Guidance Bureau, Tamil Nadu, said that the vision of Tamil Nadu government is to attract Rs 50,000 crore investment and to create 150,000 jobs with a comprehensive EV ecosystem in the state.
Last year, Tamil Nadu announced a comprehensive EV policy, which gives incentives and subsidies for both supply side and demand side. The policy covers the EV ecosystem with incentives to EV charging stations developers and to tap components including battery and cell manufacturing, electric motors, EV powertrains, battery management among others.
