Azad India Mobility Ltd, formerly known as Indian Bright Steel Co Ltd, has announced the provisional allotment of 70.71 acres of contiguous land by the A.P. Industrial Infrastructure Corporation Limited (APIIC), an undertaking of the Government of Andhra Pradesh. This strategic move is aimed at setting up units for manufacturing electric vehicles, including EV three-wheelers, EV trucks, and EV buses.
Key Highlights:
- Phase-Wise Allotment: The company has been granted approximately 36 acres for Phase-I of the project, with an additional reservation for Phase-II (26 acres) and Phase-III (8.71 acres).
- Location: The land is located at UDL-5, Gudipalli APIIC layout in Sri Sathya Sai District, Andhra Pradesh.
- Purpose: The allocated land will be utilized for industrial purposes, specifically for EV manufacturing.
This initiative aligns with Azad India Mobility’s vision to expand its footprint in the EV segment, contributing to India’s sustainable transportation goals. The allotment underscores the company’s commitment to advancing clean energy and eco-friendly mobility solutions.
Aditya is a versatile writer and journalist with a passion for sports and a wide range of experiences in business, politics, tech, health, and the market. With a unique perspective, he captivates readers through engaging storytelling.