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UK firm keen to make electric SUV vehicles in Pondy: Minister

Press Trust of India 

London-based Laureti Automotive Corporation has evinced interest to set up its unit here to make electric SUV

and M O H F announced this Friday while inaugurating a one-day workshop on 'Smart Mobility: Puducherry Forward' organised by the (CII) here.

The company would have an initial capacity to manufacture 10,000 electric SUV per annum with an investment of around Rs 2,800 crore, he said.

Laureti would expand production in the next stages, he said.

has at its disposal around 350-acre site in Karaikal region, which could be made available to the company, the said.

The initiative of Laureti would be of help for Puducherry to meet the current challenges in the traffic and mobility sector, he said.

Soon, a delegation of the UK company would hold talks with the territorial administration, the said.

Traffic management was a big challenge for the government, as there were around nine lakh on road in the Union Territory, he said.

All strategies drawn up to manage the traffic were not cutting ice, and even the proposal to make helmet-wearing compulsory was meeting with resistance, he said.

"We should go in for an effective masterplan to manage the traffic," he said.

Officials of CII also spoke on the occasion.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 08 2019. 14:25 IST
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