This will add to the Rs 8,000 crore that the State already secured in the mobility segment, IT and Industries Minister KT Rama Rao said
Hyderabad: Telangana, one of the early adopters of a focused Electric Vehicles and Energy Storage Solutions (EV-ESS) policy in 2020, is set to get investments worth Rs 3,000 crore shortly. This will add to the Rs 8,000 crore that the State already secured in the mobility segment, IT and Industries Minister KT Rama Rao said.
He formally announced India’s first New Mobility focused cluster, the Telangana Mobility Valley (TMV), which will make Telangana a competitive destination for automobile manufacturing, engineering and R&D in India. TMV aims to facilitate companies across electric two, three and four wheeler segments, advanced cell chemistry and hydrogen fuel cells and Tier 1 and 2 component manufacturers.
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