This comes after the state attracted nearly ₹24,000 crore in EV investments, resulting in almost 48,000 jobs, during the pandemic period.
Several new-age EV companies like Ather, Ola Electric, Ampere and Simple Energy have invested in the state.
Moreover, even traditional global automotive giants such as Hyundai, Nissan, TVS Motors, Mahindra, and Daimler have lined up their EV plans for Tamil Nadu.
In May, Hyundai Motor India (HMIL) had announced plans to invest around ₹20,000 crore in the state over a period of 10 years.
This story is from the June 17, 2023 edition of Business Standard.
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This story is from the June 17, 2023 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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FY25 as weak-earnings year is gradually getting priced in
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