Bavina Cars India Ltd plans to set up an electric car manufacturing unit near Chennai at an investment of Rs 300 crore. The first car is expected to be rolled out from the factory in 2011. The facility will be the second battery-powered car production unit in the country. The project is likely to create employment for around 1,500 people.
The company’s promoter, S Rajasekar, received the land allocation document for 100 acres from Tamil Nadu Deputy Chief Minister M K Stalin on Friday. The facility is coming up at the special economic zone (SEZ) owned by Tamil Nadu State Industries Promotion Corporation at Ranipet, near Chennai.
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