The auto major ruled out plans to set up another facility to house its new EV architecture. Kerala industries minister P Rajeeve told Business Standard last month that M&M officials would meet them soon. The state is in talks with EV players to set up manufacturing facilities. Earlier in August, a Reuters report suggested that M&M and China's Shaanxi had agreed to form a $3 billion joint venture for building a car manufacturing plant in Gujarat, pending approval from New Delhi. However, M&M later clarified that the report was unfounded.
Recent reports have also claimed that the company is scouting for land in Maharashtra - near Shirur, Ahmednagar, and Chakan for another greenfield plant that will make vehicles on a multi-energy platform, the New Flexible Architecture (NFA).
Denne historien er fra September 23, 2024-utgaven av Business Standard.
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Denne historien er fra September 23, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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