See Kerala Become Automotive Tech Exclusive with EV Money
The minister visited Chennai last Friday as part of a promotional tour to attract investments for Kerala’s upcoming Global Investors Meet, scheduled for February next year. However, recognizing that Kerala might not be suitable for large-scale car manufacturing plants, he suggested that the state could instead contribute to the development of automotive technology.
Aims to Be an Electric Vehicle Powerhouse
The state is on a mission to become a major player in the electric vehicle (EV) industry. Moreover, the state is calling upon Indian and foreign firms to establish units for manufacturing electric vehicles within the state. At the same time, it is developing its capital, Thiruvananthapuram, into an automotive technology hub. This two-pronged strategy will help it build a robust EV ecosystem.
“In the EV sector sale, Kerala is number one. We have created an ecosystem and a mechanism for e- charging. Now, we are discussing with some companies to start their manufacturing units. Mahindra is coming next week for some discussions. Some other companies are also coming from outside the country.” said Kerala industries minister, P Rajeeve.
Investment in Automotive Technology
Kerala to be an automotive technology hub. The minister is in Chennai to woo investors for the Global Investors Meet in February. Though admitting that the state is not suitable for mass production of cars, he said that there is huge potential for developing automotive technology. Emphasis on automotive technology is part of the state’s strategy to play a major role in the growing electric vehicle market.
