PMI to invest Rs 12 billion in Rajasthan EV manufacturing hub

29 Oct 2025 CW Team

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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..