Goyal Aluminiums Rs 200 Cr Investment for UP EV Plant

Reloy Raises Funding of Rs 7.2 Cr to Expand Proptech Operations

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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