According to reports, the government of Tamil Nadu has received commitments for investments totaling 30,000 crore in the production of electric vehicles and related industries. The State has taken the lead in luring capital to the EV manufacturing industry. One of the States that offers the most robust manufacturing incentives in the EV industry is this one. Like the Sriperumbudur and Oragadam corridors, places like Hosur and Krishnagiri in the Western region are becoming EV manufacturing hubs.
Large EV manufacturing facilities for electric two-wheeler brands like Ola Electric, Ather Energy, and Ampere Electric have been established in the State. TVS Motor Company is also producing electric goods at its Hosur factory, where it has plans to increase capacity.
The government has concentrated on building specialised industrial infrastructure for the EV manufacturing as more and more EV companies show interest in opening up shop in the State.
A Future Mobility and E-Vehicle Park is being built at SIPCOT Industrial Park, Shoolagiri, Krishnagiri District, at an estimated cost of $300 crore, as there has been a greater interest from the companies to locate their EV manufacturing units in locations like Hosur and Krishnagiri due to the proximity to Bengaluru, the IT capital of India, which offers some benefits in the software and IT systems.
In order to develop the Future Mobility Park, a Conceptual Master Plan has been created with assistance from the British High Commission. Units that produce electric vehicles, drones, autonomous vehicles and their parts, advanced cell manufacturing, power electronics, sensors & PCBs, and electric motors may be located in this EV park. The State government also plans to establish a new EV park close to Thiruvallur because Chennai’s manufacturing corridor has a notable auto component and electronics ecosystem.
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