Goyal Aluminums to set up Rs. 200 Crore EV Plant in Greater Noida, plans to hire 150 dealers by 2024

Goyal Aluminums plans to invest Rs. 200 crores to set up an electric vehicle (EV) manufacturing plant in Uttar Pradesh.

The company has been allocated 4,000 square meters of land by the Greater Noida Industrial Development Authority (GNIDA) for the project.

“Goyal Aluminiums…is preparing to set up a new electric vehicle manufacturing plant with an investment of Rs 200 crore,” a company spokesperson told PTI on Wednesday.

Recently, the company announced its foray into the electric vehicle segment through the new venture Wroley E India.

“The low-speed and electric scooters will only be produced for the domestic market. The company has already received permission from the Central Institute of Road Transport (CIRT) to launch the first high-speed electric scooter in April this year. “said the spokesperson.

GNIDA has awarded the company land number 283 of 4,000 square meters in its industrial area on lease for a term of 90 years.

The company plans to hire 150 dealerships in the electric vehicle segment by 2024.

Last week, Union Road Transport and Highways Minister Nitin Gadkari said more than 2.78 lakh electric vehicles had been registered in the country in the calendar year 2023 so far. .

Andhra Pradesh and Madhya Pradesh are in the process of migrating to the Vahan portal and hence their EV registration data is partially included while Telangana and Lakshadweep data is not available on the portal, Gadkari said in a written response to the Lok Sabha.

According to data from the portal, the registration of electric vehicles (EVs) in India increased to 10,20,679 in 2022 from 3,29,808 in 2021.