November 2020 \ Business & Investment \
6 firms to invest over Rs 2,500 crore in Telangana

Six firms in the electric mobility space will set up their facilities ...

The MoUs were signed at a ceremony at Telangana Electric Vehicle Summit, where Industry Minister K.T. Rama Rao also unveiled the Telangana Electric Vehicle and Energy Storage Policy 2020-2030. Pure EV, the IIT Hyderabad incubated manufacturer of electric two-wheelers and advanced Lithium-Ion batteries for electric mobility, also plans to set up a manufacturing base.

Etrio, which has launched electric two and three-wheelers, inked the MoU to set up a manufacturing facility. Automotive Research Association of India (ARAI), Pune, proposed to set up a test facility for the electric vehicle segment in Telangana.




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