Blue Energy Motors to invest 3500 Crore in India for Electric Trucks Production Plant

Blue Energy Motors Ltd; a Pune based company which manufactures electric trucks and is a part of Essar’s green mobility initiative is all set to invest 3500 crore for a EV truck production plant in India. The chief minister of Maharashtra Devendra Fadnavis and industry minister Uday Samant were also present at the event.

The company has signed a memorandum of understanding (MOU) with the government of Maharashtra during the World Economic Forum in Davos. This agreement states about Blue Energy Motors establishing a manufacturing plant for production of 30,000 electric trucks.

This is a good step towards creating a successful roadmap for the development of the EV heavy trucks industry. The plant will also have research and development (R&D) capabilities, battery-pack assembly line, a motor production unit, and charging station infrastructure.

Good news is that this project will be generating more than 4,000 jobs and will contribute to industrial and economic growth. The project will also support and promote the revolution of EVs for creating sustainable mobility.

Anirudh Bhuwalka, CEO of Blue energy motors expressed his thoughts on the occasion, “ We are thrilled to announce this partnership with the Government of Maharashtra. This collaboration will result in the pioneering of greener trucks to run in India following Essar’s green revolution. This reflects our commitment for a cleaner, greener and a developed sustainable transportation system. He further added that this investment will solidify Maharashtra as a global hub for advanced green mobility solutions and will also contribute in generating more jobs and economic growth.

The facility will also be integrating new technologies such as Artificial Intelligence (AI) and machine learning (ML) to produce zero emission trucks, thereby increasing the efficiency and reliability. According to the company, these trucks will be used for heavy-duty transportation and loading with a reduced carbon footprint.