Reliance Infrastructure: Anil Ambani-owned Reliance Group has started preparations to make a big splash in the car market. Reliance Infrastructure, a group company led by Anil Ambani, has prepared a plan to make electric cars and batteries. For this, Reliance Infra has roped in a former official of China’s popular electric car manufacturer BYD.
There will be capacity to manufacture 2.5 lakh EVs every year
Business Standard has said in its report quoting sources that Reliance Infrastructure is seriously considering the EV plan. They have started research on the cost of the EV plant. The annual production capacity of this plant will be 2.5 lakh vehicles. It can be increased to 7.50 lakh vehicles in the next few years. Apart from this, the company also wants to set up a battery plant with a capacity of 10 gigawatt hours (GWh). It will be increased to 75 gigawatt hours later. At present, Reliance Infrastructure has not said anything about this plan. However, after the release of this report, the company’s shares have jumped by about 2 percent.
Associated Sanjay Gopalakrishnan with him
Anil Ambani’s company Reliance Infrastructure has recently hired Sanjay Gopalakrishnan, a former BYD official, for this project. He is associated with this project as a consultant. Mukesh Ambani’s younger brother Anil Ambani separated his business in the year 2005. After that, the group led by Anil Ambani could not do anything special, but Reliance Industries led by Mukesh Ambani has established its dominance in many sectors like oil, gas, telecom and retail.
Mukesh Ambani is also going to set up a battery plant
Recently, information came to light that Mukesh Ambani also wants to set up a battery manufacturing plant. Apart from this, it was claimed quoting sources that Tesla wants to join him for its India plant. If Anil Ambani moves forward in this sector, then we will once again see the battle between the two brothers. Currently, only 2 percent of the total cars sold in India are EVs. The government wants to increase it to 30 percent. For this, they have launched a program of $ 5 billion for EV, battery and parts manufacturing.
The name of the company will be Reliance EV Private Limited
Sources claimed that Reliance Infrastructure is also looking for partners in many places including China for its car plan. The company has also registered two subsidiaries for this. One of these is named Reliance EV Private Ltd. Currently, Tata Motors is the largest EV manufacturer with 70 percent share in this sector. Recently Mahindra also displayed several EV models. Maruti Suzuki and Hyundai plan to launch their EV models in 2025.
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