Along with metal, Gautam Adani, India’s second-richest particular person and head of the ports-to-power conglomerate Group, might now be eyeing the auto sector.
A trademark has been registered for the identify ‘Adani’, proposed for use for autos, by S.B. Adani Family Trust.
The plan is to enter the EV house, Times of India reported, quoting sources.
The Group will first take a look at electric commercial vehicles — coaches, buses and vans and can initially use them for its in-house necessities in airports and ports, in line with the report.
It additionally has plans to fabricate batteries and arrange charging stations throughout the nation. The transfer is consistent with the Group’s broader play in green tasks.
This follows scorching on the heels of Adani Green hitting a market cap of Rs 3 lakh crore. The group just lately arrange a brand new subsidiary, ANIL to undertake green hydrogen tasks, era of low carbon electrical energy and manufacture of wind generators, photo voltaic modules and batteries because it seems to be to grow to be the world’s largest renewable vitality firm and produce the most affordable hydrogen.
Adani had in November final 12 months said that his group will make investments $70 billion within the new vitality house of the following decade.
The infrastructure conglomerate additionally plans to determine an R&D centre in its particular financial zone (SEZ) in Mundra, Gujarat, for its proposed play in electrical mobility, the report mentioned.
This transfer will pit Adani in opposition to the Tata Group and Reliance, who even have introduced formidable plans in low-carbon tasks.