1 min read.Updated: 25 Nov 2021, 02:56 PM IST Edited By Livemint
Magenta will provide job opportunities to local communities within the region and create around 500
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Magenta will invest close to ₹250 crores and set up a manufacturing unit focused on the design, product development and architecture standards for EV technologies in the e-mobility space. The investment will be mainly for the R&D, manufacturing technologies and a broader set of choices in the e-mobility segment. It signed a Memorandum of Understanding (MoU) with the State Government of Tamil Nadu to invest in building the EV charging infrastructure in the state.
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