+
PMI to invest Rs 12 billion in Rajasthan EV manufacturing hub
ECONOMY & POLICY

PMI to invest Rs 12 billion in Rajasthan EV manufacturing hub

A major electric vehicle (EV) manufacturing project is set to come up at the Ghiloth industrial area in Neemrana tehsil along the Delhi–Jaipur National Highway in Rajasthan. The upcoming facility, spanning 65.56 acres, will play a vital role in supplying affordable electric buses across India while strengthening the renewable energy and green mobility sectors.

PMI Electro Mobility Solutions will invest Rs 12 billion to build the state-of-the-art plant, under a memorandum of understanding signed during the Rising Rajasthan Global Investment Summit held in Jaipur in December 2024. In addition to assembling electric buses, the unit will also manufacture bus bodies, electric motors, batteries, wire harnesses, and other key components.

The Rajasthan State Industrial Development and Investment Corporation (RIICO) has allocated land for the project at Ghiloth. A delegation from PMI Electro Mobility Solutions met Chief Minister Bhajan Lal Sharma on Tuesday to brief him on the company’s plans, which include an annual production capacity of 33,000 units.

Chief Minister Sharma said the investment would position Rajasthan as a leading hub for electric vehicle manufacturing in India. “This initiative will create numerous direct and indirect employment opportunities for the youth, who will also receive specialised training in electromobility,” he stated.

The project is expected to drive green industrialisation, reduce environmental pollution, and promote sustainable urban mobility in Rajasthan. It will also boost the local economy through increased manufacturing and employment generation.

The visiting company delegation included Managing Director Satish Kumar Jain, Chief Executive Officer Anchal Jain, Executive Director Gajendra Yadav, and Plant Head Harish Yadav.

A major electric vehicle (EV) manufacturing project is set to come up at the Ghiloth industrial area in Neemrana tehsil along the Delhi–Jaipur National Highway in Rajasthan. The upcoming facility, spanning 65.56 acres, will play a vital role in supplying affordable electric buses across India while strengthening the renewable energy and green mobility sectors. PMI Electro Mobility Solutions will invest Rs 12 billion to build the state-of-the-art plant, under a memorandum of understanding signed during the Rising Rajasthan Global Investment Summit held in Jaipur in December 2024. In addition to assembling electric buses, the unit will also manufacture bus bodies, electric motors, batteries, wire harnesses, and other key components. The Rajasthan State Industrial Development and Investment Corporation (RIICO) has allocated land for the project at Ghiloth. A delegation from PMI Electro Mobility Solutions met Chief Minister Bhajan Lal Sharma on Tuesday to brief him on the company’s plans, which include an annual production capacity of 33,000 units. Chief Minister Sharma said the investment would position Rajasthan as a leading hub for electric vehicle manufacturing in India. “This initiative will create numerous direct and indirect employment opportunities for the youth, who will also receive specialised training in electromobility,” he stated. The project is expected to drive green industrialisation, reduce environmental pollution, and promote sustainable urban mobility in Rajasthan. It will also boost the local economy through increased manufacturing and employment generation. The visiting company delegation included Managing Director Satish Kumar Jain, Chief Executive Officer Anchal Jain, Executive Director Gajendra Yadav, and Plant Head Harish Yadav.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code