Kinetic offers to set up EV plants in Andhra Pradesh

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Kinetic Green Energy has come forward with a proposal to set up electric two-wheeler/ three-wheeler plants, advanced technology battery manufacturing and battery swapping stations in Andhra Pradesh, with an estimated investment of Rs 1,750 crore.

Kinetic Green Energy & Power Solution Ltd founder and CEO Sulajja Firodia Motwani, along with co-founder Rithesh Mantri called on Chief Minister YS Jagan Mohan Reddy on Friday.

They expressed interest in establishing a branded premium electric vehicles manufacturing unit in Vishakapatnam. The company also proposes to set up a skill development and research centre in the state, government officials stated.

Kinetic Green Energy has already established an EV manufacturing unit with a production capacity of 6,000 vehicles in Ahmednagar, Maharashtra.

–IANS

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