+
Goyal Aluminiums plans to set up EV plant in UP
POWER & RENEWABLE ENERGY

Goyal Aluminiums plans to set up EV plant in UP

Goyal Aluminiums intends to spend 2000 million to build an EV manufacturing facility in Uttar Pradesh. The Greater Noida Industrial Development Authority (GNIDA) has given the company 4,000 square metres of land to use for the project.

A business official told PTI on Wednesday that "Goyal Aluminiums is preparing to set up a new electric car manufacturing unit with an investment of Rs 200 crore."

The business has announced its entry into the electric vehicle market through its newly formed partnership Wroley E India.

"Scooters with low speeds and electricity will only be made for the domestic market. The Central Institute of Road Transport (CIRT) has already given the company the go-ahead to introduce the first high-speed electric scooter in April of this year "added the spokeswoman.

Plot 283 in GNIDA's industrial area, approximately 4,000 square metres, has been given to the business on a 90-year lease. By 2024, the company aims to have 150 dealers working in the EV market.

Goyal Aluminiums intends to spend 2000 million to build an EV manufacturing facility in Uttar Pradesh. The Greater Noida Industrial Development Authority (GNIDA) has given the company 4,000 square metres of land to use for the project. A business official told PTI on Wednesday that Goyal Aluminiums is preparing to set up a new electric car manufacturing unit with an investment of Rs 200 crore. The business has announced its entry into the electric vehicle market through its newly formed partnership Wroley E India. Scooters with low speeds and electricity will only be made for the domestic market. The Central Institute of Road Transport (CIRT) has already given the company the go-ahead to introduce the first high-speed electric scooter in April of this year added the spokeswoman. Plot 283 in GNIDA's industrial area, approximately 4,000 square metres, has been given to the business on a 90-year lease. By 2024, the company aims to have 150 dealers working in the EV market.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code