In phase two, Causis E-Mobility will set up its own gigafactory in Maharashtra to manufacture and supply EV batteries
Keeping up with its ambitious Electric Vehicle Policy 2021, the Maharashtra government has signed a pact with Causis E-Mobility Pvt Ltd to set up an EV manufacturing facility in the state.
Under the agreement, Causis E-Mobility Pvt Ltd, a joint venture (JV) of the UK-based Causis Group, will invest Rs 2,800 crore in two phases.
“Taking our commitment to make Maharashtra the lead state in electric mobility in India, the state government and the Maharashtra Industrial Development Corporation (MIDC) have signed an MoU with Causis E-Mobility to set up an EV production unit in Talegaon,” said the state’s Environment and Tourism Minister Aaditya Thackeray, in a statement.
In Phase two, Causis E-Mobility will set up its own Gigafactory in Maharashtra to manufacture and supply EV batteries.
The investment of will generate 1,250 employment opportunities, Thackeray added.
MIDC in a statement said that the MoU with Causis E-Mobility is to enhance EV vehicle manufacturing and strategise the transition towards the zero-emission target.
It will give a boost to the already-developed ecosystem in the state which plans to achieve a 25 per cent EV share in public transport in Mumbai, Pune, Nagpur, Aurangabad and Nashik.
It said the MoU facilitates a proposed investment of Rs 2,823 crore and direct employment of 1,250.
The state government had unveiled a comprehensive electrical vehicle policy in July 2021, to stimulate the manufacturing of battery electric vehicles in the state.
Under the Maharashtra EV Policy 2021, the state has drawn up a road map to bring in a transition in the transportation ecosystem of Maharashtra. It is aimed at attracting investments, facilitating the establishment of manufacturing units, and encouraging the production of EVs, their components, and EV supply equipment.