Maharashtra government partners with Causis Group to set up Rs 2,823 crore EV manufacturing facility
The government of Maharashtra has received its first major investment under its recently announced EV policy. The state government will partner with the UK-based Causis Group to set up a zero-emission EV manufacturing facility in the country with the firm making a Rs 2,823 crore investment. This plant, situated in Talegaon near Pune, will manufacture electric three-wheelers for last-mile delivery and will create 1,250 jobs in the region. This partnership will grow in its second phase with Causis setting up a gigafactory in Maharashtra to supply EV batteries.
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The Maharashtra EV policy is one of the more comprehensive ones among the many such schemes introduced by various state governments. Under this policy, efforts are being made to create a complete EV ecosystem in the state. This is being done by attracting investments in EV manufacturing, facilitating the establishment of manufacturing units, and encouraging the production of electric vehicles, electric vehicle components including Advance Chemistry Cell (ACC) batteries and electric vehicle supply equipment (EVSE). The government is also offering incentives to buyers of electric vehicles as well as to those setting up charging infrastructure. Know more about the Maharashtra EV policy here.
Aaditya Thackeray, minister for environment, tourism and protocol in the government of Maharashtra said of this investment, "Taking our commitment to make Maharashtra the lead state in electric mobility in India, GoM and MIDC have signed an MoU with Causis E-Mobility to set up an EV production unit in Talegaon. The investment of Rs 2,800 crore will generate 1,250 employment opportunities and will help in climate action."