The first investment of the year 2022 in Telangana has been Launched by Principal Secretary ITE&C, I&C Shri Jayesh Ranjan, IAS. One-Moto, the British brand for premium EVs in India, has announced an MoU with Telangana Government for setting up its India manufacturing unit. The new facility will be slated at the outskirts of Hyderabad as it seems to be the key market for EVs, with the state government accelerating the EV revolution with supporting policies for EV production, and strong infrastructure too. The brand plans to invest up to ₹250 crores to establish the manufacturing unit.

One-Moto aims to produce 40,000 units annually in the first phase, and create 500 direct and 2,000 indirect jobs in the region.

Source: Live Mint

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