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).
Bu hikaye Business Standard dergisinin September 23, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin September 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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