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“Global automotive industry is in a transition phase and shifting towards electric mobility and in India, this transition has started to pick up pace. Darwin EVAT aims to contribute more to this electric revolution,” DPGC Group CEO Raja Roy Choudhury said in a statement.
Commenting on the group’s plans for the EV venture, DPGC Director & Head Automobile Business Saurabh Mohan Saxena said, “The company and group would initially invest nearly Rs 450 crore in this transformation and is taking a comprehensive approach, ranging from research and development to production of green vehicles, which also includes strategic collaborations and partnerships.”
He, however, did not specify the timeline for the investment.
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