We are thrilled to announce a major milestone in our commitment to advancing electric mobility in India! Wardwizard Innovations & Mobility Ltd. has signed a Memorandum of Understanding (MoU) with the Gujarat government for a landmark investment of ₹2,000 crore.
Building an EV Ecosystem in Gujarat
This significant investment will be used to establish a comprehensive EV Ancillary Cluster in Gujarat by 2024. This cluster will focus on key areas, including:
- Research and Development: Driving innovation in electric vehicle technology and developing cutting-edge solutions.
- Motor Assembly: Establishing a state-of-the-art motor assembly unit to enhance our manufacturing capabilities.
- Li-ion Cell Production: Setting up a Li-ion cell production facility to strengthen our control over the EV supply chain.
Driving Growth and Creating Jobs
This initiative is expected to generate approximately 5,000 new jobs, contributing to the economic development of Gujarat and fostering a skilled workforce in the EV sector.
Benefits for Wardwizard and the EV Industry
This strategic investment will:
- Boost Local Manufacturing: Reduce dependence on imports and create a robust local supply chain for EV components.
- Enhance Production Capacity: Allow us to scale up production and meet the growing demand for our electric vehicles.
- Drive Innovation: Accelerate research and development efforts to bring even more advanced and sustainable EVs to the market.
A Shared Vision for a Greener Future
This partnership with the Gujarat government underscores our shared commitment to promoting electric mobility and building a sustainable future for India. We are proud to be contributing to the growth of the EV ecosystem in Gujarat and playing a key role in the transition towards cleaner transportation.
Read More at: https://www.autocarpro.in/news/wardwizard-signs-rs-2000-crore-mou-with-gujarat-government-117500