Electric vehicle ecosystem developer Terra Motors has pledged an investment of Rs 50 crore to the Tamil Nadu government for the improvement of electric vehicle infrastructure in the state.
The commitment was made during the Global Investors Meet 2024, where Terra Motors exchanged documents with Tamil Nadu government officials.
The company, with recent expansions across major cities in India, aims to use its advanced technology to provide efficient electric vehicle solutions tailored to the state’s market needs.
The investment is expected to support India’s green transportation goals, contributing to the target of having 30% of new registered private vehicles as electric.
Terra Motors anticipates that this strategic investment will create job opportunities in the state. CEO Akihiro Ueda expressed confidence in setting new standards in the global EV industry through this partnership.
