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Anil Ambani’s Reliance Infrastructure plans to enter the electric vehicle (EV) market, posing a challenge to his brother Mukesh Ambani’s Reliance Industries.
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The company is conducting a feasibility study for building an EV plant with an initial capacity of 250,000 vehicles a year and exploring battery manufacturing.
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This move sets the stage for a potential head-to-head competition between the Ambani brothers in India’s growing EV sector.
Anil Ambani’s Reliance Infrastructure is gearing up to enter the electric vehicle (EV) market, posing a challenge to his brother Mukesh Ambani’s Reliance Industries. The company has hired a former BYD executive as a consultant to advise on its plans to manufacture electric cars and batteries.
Reliance Infrastructure is conducting a feasibility study for building an EV plant with an initial capacity of 250,000 vehicles a year, which could later scale up to 750,000. The company is also exploring the feasibility of setting up a battery manufacturing plant. This move sets the stage for a potential head-to-head competition between the Ambani brothers in India’s growing EV sector.
