TL;DR
PMI Electro Mobility will invest ₹12 billion in an EV manufacturing hub in Rajasthan to produce electric buses and components, boosting green mobility and local employment.
PMI Electro Mobility Solutions is set to invest ₹12 billion in establishing a state-of-the-art electric vehicle (EV) manufacturing hub in the Ghiloth industrial area of Neemrana, Rajasthan. This expansive 65.56-acre facility, strategically located along the Delhi-Jaipur National Highway, will play a critical role in producing affordable electric buses for the Indian market and fortifying the nation's green mobility sector.
Beyond electric bus assembly, the plant will also manufacture essential components such as bus bodies, electric motors, batteries, and wire harnesses. This significant investment, stemming from a Memorandum of Understanding signed during the Rising Rajasthan Global Investment Summit in December 2024, is expected to position Rajasthan as a pivotal hub for EV manufacturing in India, create numerous employment opportunities, and drive sustainable industrialization.
