MUMBAI:The Maharashtra government signed a pact with Causis E-Mobility Pvt Ltd. on Friday. signed to build an electric vehicle (EV) manufacturing facility in the state, which is the first major investment under the recently announced Maharashtra EV Policy 2021.
“In order to make Maharashtra the leading state for electric mobility in India, the state government and the Maharashtra Industrial Development Corporation (MIDC) have signed a letter of intent with Causis E-Mobility to build an electric car production facility in Talegaon.
“The investment of Rs 2,800 cr will create 1,250 job opportunities,” the state’s Environment and Tourism Minister Aaditya Thackeray said in a statement.
He added that the Memorandum of Understanding (MoU) signed with Causis E-Mobility Pvt Ltd, a joint venture (JV) of the UK’s Causis Group, will transform Maharashtra into a leading state in terms of electric vehicle adoption Vehicles in the country.
In July 2021, the state government presented a comprehensive electric vehicle policy to stimulate the production of battery electric vehicles in the country.
The MoU for the Phase 1 unit in Talegaon, Pune was signed here on Friday.
In phase 2, Causis E-Mobility Pvt Ltd. build its own battery gigafactory in Maharashtra to manufacture and supply EV batteries.
As part of the Maharashtra EV Policy 2021, the state has drawn up a roadmap to bring about a transition in Maharashtra’s transport ecosystem. It aims to attract investment, facilitate the establishment of production units, and promote the production of electric vehicles, their components and electric vehicle supply equipment.
Maharashtra’s second capital, Nagpur, is the first Indian city to pilot electric mass mobility with a fleet of 200 electric vehicles. With the use of an electric car that saves an average of 1.5 million grams of CO2, the equivalent of four round-trip flights from Mumbai to Delhi, the Maharashtra EV Policy 2021 also paves the way for cleaner roads that will make our cities a better place for Be a pedestrian and a cyclist.
To boost electric vehicle manufacturing in the state, the new EV policy offers sophisticated incentives divided into three broad categories – supply side, demand side, and special incentives for EV charging infrastructure.
MIDC said in a statement that the MoU with Causis E-Mobility aims to improve the production of electric vehicles and strategically plan the transition to the zero emissions target.
The transition from a conventional fleet to the electric vehicle requires a planned strategy that overlooks not only the merging of the energy and transport sectors, but also the relationship between consumers and vehicles.
It will give a boost to the state’s already developed ecosystem, aiming to achieve 25 percent electric vehicles in public transport in Mumbai, Pune, Nagpur, Aurangabad and Nashik.
It said the MoU enables a planned investment of Rs 2,823 crore and direct employment of 1,250.