Goyal Aluminiums to Invest Rs. 200 Crore to Set Up EV Plant in Greater Noida

Goyal Aluminiums has plans to invest Rs. 200 crore to set up an electric vehicle (EV) manufacturing plant in Uttar Pradesh.

The company has been allotted 4,000 square metre land from the Greater Noida Industrial Development Authority (GNIDA) for the project.

“Goyal Aluminiums…is gearing up to set up a new electric vehicle manufacturing plant with an investment of Rs 200 crore,” a company spokesperson told PTI on Wednesday.

Recently, the company announced its foray into the EV segment through newly incorporated venture Wroley E India.

“Low-speed and electric scooters will only be produced for the domestic market. The company has already received clearance from Central Institute of Road Transport (CIRT) to launch the first high-speed electric scooter in April this year,” the spokesperson said.

GNIDA has allotted to the company plot number 283 measuring 4,000 square metre in its industrial area on lease for a period of 90 years.

The company plans to engage 150 dealers in the EV segment by 2024.

Last week, Union Road Transport and Highways Minister Nitin Gadkari said more than 2.78 lakh electric vehicles had been registered in the country in 2023 calendar year so far.

Andhra Pradesh and Madhya Pradesh are in the process of migrating to Vahan portal and hence their data on EV registration is partially included while Telangana and Lakshadweep data is not available on the portal, Gadkari said in a written reply to the Lok Sabha.

According to the data on the portal, the registration of electric vehicles (EVs) in India rose to 10,20,679 in 2022 from 3,29,808 in 2021.


From smartphones with rollable displays or liquid cooling, to compact AR glasses and handsets that can be repaired easily by their owners, we discuss the best devices we’ve seen at MWC 2023 on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated – see our ethics statement for details.

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

No Charge on Normal UPI Payments, 1.1 Percent Fee to Be Levied on PPI Merchant Transactions: NPCI

For all the latest Technology News Click Here 

Read original article here

Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.