Mahindra Electric also announced an additional investment of INR 400 crore over the next 5 years, in the state. The investment will be utilized towards expansion of capacity, setting up of new EV technology innovation centers and expansion of the skilled team working in the EV space.
The Baghirathi Group also announced the launch of its brand rydS which will focus on low carbon, zero emission sustainable mobility solutions for all. rydS plans to deploy 1000 electric vehicles for its enterprise clients. This deployment augments the recently announced electric vehicle and energy storage policy of the Government of Karnataka which aims to create a conducive environment and necessary infrastructure for electric mobility in the city.