Anil Ambani, who owns Reliance Infrastructure and is the brother of Mukesh Ambani, is reportedly planning to enter the automobile industry. This move could potentially shake up the market, as Reliance vehicles would go head-to-head with established giants like Mahindra and Tata Motors. Early reports suggest that the company’s focus will be on electric and hybrid cars, which aligns with the growing trend towards sustainability in transportation.
Collaboration with Experts and New Plant Setup
To kick off this ambitious project, Reliance has hired a former senior official from BYD, a well-known Chinese car manufacturer known for its affordable yet high-quality vehicles. This expert will play a crucial role in setting up a manufacturing plant in India for electric vehicles (EVs). In addition to this, a special consultant has been brought on board to oversee the planning and budgeting for the EV plant, ensuring a smooth setup process and future operations.
Target Production and Market Impact
Anil Ambani has set an initial target to produce 250,000 cars each year, with plans to expand that number to 750,000 in the future. Notably, BYD’s Atto 3, which is already available in India, boasts an impressive driving range of up to 521 kilometers on a single charge. The entry of Reliance into car manufacturing is expected to intensify competition in the market, potentially leading to more affordable electric vehicle options for consumers.
SHOTRS COVERAGE.
Anil Ambani, owner of Reliance Infrastructure, is planning to enter the automobile industry, focusing on electric and hybrid vehicles. The company aims to manufacture electric cars and batteries in India, hiring a former BYD official for expertise. Reliance plans to produce 2.5 lakh cars annually, scaling up to 7.5 lakh. A special consultant has been appointed to assist in setting up an EV plant. This move could intensify competition against Mahindra and Tata Motors, offering consumers more affordable electric vehicle options.
