Blue Energy Motors to set up 30,000 EV truck plant in Maharashtra
Pune-based Blue Energy Motors Ltd. has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra at the World Economic Forum in Davos. The company plans to invest Rs. 3,000 crore to establish a manufacturing facility for producing 30,000 electric trucks.
Commenting on the partnership, Anirudh Bhuwalka, CEO of Blue Energy Motors, said, “We are excited to announce this landmark partnership with the Government of Maharashtra. This collaboration represents a crucial milestone in our ambitions of pioneering green trucking in partnership with Essar’s green mobility initiative. It reflects our shared vision for a cleaner, greener and a more sustainable future. Our investment will not only reaffirm Maharashtra’s position as a global hub for advanced clean mobility solutions but also will contribute to job creation and economic growth.”
The plant will house advanced R&D capabilities, battery-pack line, motor manufacturing unit and set up charging stations as well. This investment is expected to generate direct employment for over 4,000 individuals, contributing to the state’s transition to green energy and economic growth. The proposed projects are slated to commence in the fiscal year 2025-26.
