Blue Energy to invest Rs 3,500 cr to set up Maharashtra electric truck unit

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Blue Energy to invest Rs 3,500 cr to set up Maharashtra electric truck unit - Business Standard

Quick Summary:

Under the terms of an initial pact, announced at the World Economic Forum in Davos, Blue Energy Motors will establish a dedicated facility for advanced electric (EV) trucks that will house advanced R&D capabilities, battery-pack line, motor manufacturing unit and set up charging stations as well, the company said.

LNG-powered truck maker Blue Energy Motors on Wednesday said it plans to invest Rs 3,500-crore for setting up an electric trucks production plant in Maharashtra to fuel the state's green energy transition.

The proposed projects are slated to commence in the next financial year, Blue Energy Motors said.