Continental plans to start production of in 2027.
Under the OYE Scheme, ETO Motors plans to add 500 Electric 3-Wheelers every quarter to foster a positive and empowering environment for auto drivers in Mumbai.
The agreement encompasses an Electric Vehicle Park, Charging Infrastructure, and Green Hydrogen initiatives, promising employment for 9000 individuals.
The machines help in producing approximately 7,00,000 drive shafts for control pumps each year.
The project is part of the 1,200 MW auction capacity of Inter-State Transmission System.
The company will invest Rs 5,000 crore in the state over 10 years, with the project to begin in 2024.
The new 1,100 sq. ft. office delivers enhanced local service and support from the industrial automation specialist.
The branch is the company’s fifth office in India.
The facility is poised to generate 3,000 jobs, particularly empowering underprivileged women.