Terra Motors Invests Rs. 50 Crore In Tamil Nadu For EV Charging Boost
Terra Motors and the Tamil Nadu State Government joined hands to electrify the EV infrastructure in the state. Under this partnership, Terra Motors committed to investing Rs. 50 crore to enhance the charging infrastructure for electric vehicles in the state.
The company signed the MoU with the state government headed by Chief Minister M.K. Stalin at the third edition of the Tamil Nadu Global Investors Meet in Chennai, attended by nine partner nations and over 30 participating countries.
In a recent development, Terra Motors expanded its geographical presence in India by establishing its EV charging infrastructure vertical, Terra Charge's new office, across six Indian cities: Pune, Hyderabad, Gurgaon, Bangalore, Kolkata, and Chennai.
The investment will contribute to India’s green transportation drive, helping achieve the target of 30 per cent of new registered private vehicles being electric.
Akihiro Ueda, CEO of Terra Motors, said, Our strategic investment of Rs. 50 crore in Tamil Nadu will allow us to enhance the existing EV charging infrastructure in the state, strengthening India’s EV charging network. I am confident our partnership will set new standards in the global EV industry and allow us to contribute significantly towards Tamil Nadu’s economic development.”
