London-based Laureti Automotive Corporation has expresed interest to set up its unit in Puducherry to make electric SUV vehicles.
This was announced by Puducherry Industries and Transport Minister M O H F Shah Jahan while inaugurating a one-day workshop on ‘Smart Mobility: Puducherry Forward’ organised by the Confederation of Indian Industry (CII).
Laureti’s facility would have an initial capacity to manufacture 10,000 electric SUV vehicles per annum with an investment of around Rs 2,800 crore, he said and added that Laureti would expand production in the next stages.
Stating that Puducherry government has at its disposal around 350-acre site in Karaikal region, which could be made available to the company, he added that the initiative of Laureti would be of help for Puducherry to meet the current challenges in the traffic and mobility sector.
According to the Minister, soon, a delegation of the UK company would hold talks with the territorial administration, the Minister said. Traffic management was a big challenge for the government, as there were around nine lakh vehicles on road in the Union Territory.
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