{"id":12280,"date":"2022-11-28T04:59:23","date_gmt":"2022-11-28T04:59:23","guid":{"rendered":"https:\/\/www.newprojectstracker.com\/blog\/?p=12280"},"modified":"2022-11-29T05:02:16","modified_gmt":"2022-11-29T05:02:16","slug":"murugappa-group-to-invest-rs-1000-crore-in-ev-business","status":"publish","type":"post","link":"https:\/\/www.newprojectstracker.com\/blog\/murugappa-group-to-invest-rs-1000-crore-in-ev-business\/","title":{"rendered":"Murugappa Group to invest Rs 1,000 crore in EV business"},"content":{"rendered":"\n\n\n\t<div class=\"dkpdf-button-container\" style=\" text-align:right \">\n\n\t\t<a class=\"dkpdf-button\" href=\"\/blog\/wp-json\/wp\/v2\/posts\/12280?pdf=12280\" target=\"_blank\"><span class=\"dkpdf-button-icon\"><i class=\"fa fa-file-pdf-o\"><\/i><\/span> Download PDF Report<\/a>\n\n\t<\/div>\n\n\n\n\n\n<p><img src=\"https:\/\/www.newprojectstracker.com\/blog\/wp-content\/uploads\/2022\/03\/Tata-Motors-to-invest-Rs-15000-crore-in-electric-vehicle-category.jpg\" \/><\/p>\n<p>Chennai-based Murugappa Group plans to invest between 800 and 1,000 crore in its electric vehicle (EV) industry through its EV affiliate, TI Clean Mobility.<\/p>\n<p>This includes the price of two acquisitions [a company into electric tractors and another into electric heavy commercial vehicle (HCV)], investments made over three years to foray into the EV business, 200 crore committed investment for the electric 3-wheeler business, future investment in R&amp;D, cost of land and to put up production facilities, as well as in product and business development.<\/p>\n<p>\u201cOur cumulative investment in the electric-vehicle business would be to the tune of \u20b9800 crore to \u20b91,000 crore,\u201d said Kalyan Kumar Paul, MD, <a href=\"https:\/\/tiindia.com\/ti-clean-mobility-private-limited\/\">TI Clean Mobility Private Ltd<\/a>., during an interaction. \u201cWe want to be a significant player in all our three verticals.\u201d<\/p>\n<p>He said the Group was investing in this business and all future investments would also come from the Group as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download PDF Report Chennai-based Murugappa Group plans to invest between 800 and 1,000 crore in its electric vehicle (EV) industry through its EV affiliate, TI Clean Mobility. This includes the price of two&#8230; <\/p>\n","protected":false},"author":1,"featured_media":5730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"https:\/\/www.newprojectstracker.com\/blog\/wp-content\/uploads\/2022\/03\/Tata-Motors-to-invest-Rs-15000-crore-in-electric-vehicle-category.jpg","acf":[],"_links":{"self":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/12280"}],"collection":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/comments?post=12280"}],"version-history":[{"count":1,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/12280\/revisions"}],"predecessor-version":[{"id":12281,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/12280\/revisions\/12281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media\/5730"}],"wp:attachment":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media?parent=12280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/categories?post=12280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/tags?post=12280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}