Blue Energy Motors to Set Up 30,000 EV Truck Manufacturing Plant in Maharashtra, Signs INR 3500 Cr MoU
Blue Energy Motors Ltd. has signed an INR 3,500 crore MoU with the Maharashtra government at WEF Davos. The company plans to establish a state-of-the-art facility for manufacturing 30,000 advanced EV trucks. The projects are slated to commence in the fiscal year 2025-26.
January 22, 2025. By Mrinmoy Dey
The company plans to manufacture 30,000 EV trucks, aimed at fostering industrial growth and significantly enhancing the region’s EV truck manufacturing infrastructure.
Under the terms of the agreement, Blue Energy Motors will invest approximately INR 3,500 crore to establish a state-of-the-art manufacturing facility dedicated to the production of its advanced electric (EV) trucks that will house advanced R&D capabilities, battery-pack line, motor manufacturing unit and set up charging stations as well.
This investment is expected to generate direct employment for over 4,000 individuals, contributing to the state’s transition to green energy and economic growth. The proposed projects are slated to commence in the fiscal year 2025-26.
Commenting on the development, Anirudh Bhuwalka, CEO of Blue Energy Motors, said, “This collaboration represents a crucial milestone in our ambitions of pioneering green trucking in partnership with Essar’s green mobility initiative. It reflects our shared vision for a cleaner, greener and a more sustainable future. Our investment will not only reaffirm Maharashtra’s position as a global hub for advanced clean mobility solutions but also will contribute to job creation and economic growth.”
The new inter-connected facility will implement industry-leading manufacturing practices to produce zero-emission electric trucks. These AI and ML enabled EV commercial vehicles are designed to redefine heavy-duty trucking by delivering unmatched efficiency and reliability while significantly reducing carbon footprints.
please contact: contact@energetica-india.net.
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix
Muthu Subramanian
MD & General Manager
From Charging to Swapping: How Yuma Energy is Changing EV Refueling