WardWizard to invest Rs 650 crore for Li-ion cells manufacture in Gujarat

The two-wheeler EV house in India is obtaining heated up in additional approaches than one particular. WardWizard Innovations and Mobility, which sells electrical two-wheelers beneath the Pleasure model, has been in the periphery of the sector. The BSE-shown enterprise now desires to get into the thick of it. And will pump in all around Rs 650 crore expenditure for the manufacture of Li-ion progress cells and associated infrastructure. The business will come up with an R&D centre and an assembly plant to established up the 1GWh mobile creation device at its electric automobile ancillary cluster in Vadodara.

Gujarat-headquartered organization has presently tied up with Singapore-primarily based renewable power management consulting business Sunkonnect to do a feasibility examine and identification of the prospective associate for creation procedures.