Biliti Electric Inc (Biliti), based in California, United States of America, has announced its intention to establish the world’s largest electric three-wheeler manufacturing facility in Telangana. The plant will be built in 2 phases over an area of 200 acres. Phase I of 13.5 acres with a capacity to produce 18000 Electric Vehicles (EV) per year will become operational in 2023 and the larger facility of 200 acres with a production capacity of 240000 EV per year will become operational in 2024.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The facility will produce all the products of Biliti including the cargo model TaskmanTM and the passenger version UrbanTM. The facility is estimated to drive private investment of USD 150 million (around Rs 1,144 crore) and is expected to create more than 3000 jobs in Telangana.
Important takeaways for all competitive exams:
Find More Miscellaneous News Here
Every year on December 22, India celebrates National Mathematics Day. This date marks the birth…
In competitive exams like SSC, Defence, State Exams, and Railways, current affairs are crucial. This…
On Saturday, December 21, 2024, several explosive-laden drones, believed to be part of Ukraine's ongoing…
Uttar Pradesh, one of India's most populous states, is known for its rich cultural and…
The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, convened ministers from 28…
India participated in the 24th BIMSTEC Senior Officials Meeting (SOM), hosted virtually by Thailand on…