Goyal Aluminiums Set to Invest INR 200 Crore for Electric Vehicle Manufacturing Plant in Uttar Pradesh
Goyal Aluminiums, a leading Indian manufacturing company, is all set to invest INR 200 crore in a new electric vehicle (EV) manufacturing plant in Uttar Pradesh. The company has secured a 4,000 square metre land from the Greater Noida Industrial Development Authority (GNIDA) for this ambitious project.
According to a company spokesperson, “Goyal Aluminiums is all set to establish a new EV manufacturing plant with an investment of INR 200 crore.” This announcement comes shortly after the company’s recent entry into the EV segment through its subsidiary, Wroley E India.
The spokesperson further added, “The company plans to manufacture low-speed and electric scooters for the domestic market. Additionally, it has already obtained clearance from the Central Institute of Road Transport (CIRT) to launch its first high-speed electric scooter this April.”
As per the lease agreement, GNIDA has allotted the company a 4,000 square metre plot numbered 283 in its industrial area for a lease period of 90 years.
The company has set a target of engaging 150 dealers in the EV segment by 2024, a move that is expected to further boost the EV market in India.
About Goyal Aluminiums:
Advitiya Trade India (Goyal Aluminiums) provides metal trading services, specializing in a range of aluminum products such as sheets, coils, sections, and grills. Additionally, the company offers cotton fabrics, printing machines, glass, and other products. With a focus on serving industries such as automobile, aluminum, printing, manufacturing, and clothing in India, Advitiya Trade India is committed to providing high-quality products and services.
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