2 min read.Updated: 03 Jan 2022, 04:03 PM IST Edited By Livemint
One-Moto aims to produce 40,000 units annually in the first phase, and create of 500 direct and 2,000 indirect jobs
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One-Moto, the British brand for premium EVs in India, has announced a MoU with Telangana Government for setting up its India manufacturing unit. The new facility will be slated at the outskirts of Hyderabad as it seems to be the key market for EVs, with the state government accelerating the EV revolution with supporting policies for EV production, and strong infrastructure too. The brand plans to invest up to ₹250 crore to establish the manufacturing unit.