TN, Karnataka in race to house India’s first EV-cum-Li-ion battery manufacturing facility
CHENNAI: Who will house India’s first integrated Electric Vehicles-cum-lithium ion batteries manufacturing facility? Tamil Nadu and Karnataka are locking horns to take the honours.
Both the state governments have signed MoU with Elest Private Limited. Also, a Special Purpose Vehicle (SPV) has been incorporated by Bengaluru-based Rajesh Exports specifically for the project, which would attract investment of nearly Rs 8,000 crore in immediate future.
