Gautam Adani Group; Company May Enter Electric Vehicle Sector, Trademark Registered | Adani Group may enter electric vehicle sector, trademark registered
By Amit - January 21, 2022
Mumbai8 minutes ago
The Adani Group, spread from port to power sector, can now enter the electric vehicle sector. For this a trademark has been registered under the name Adani.
Shares of green energy rise
After this plan came to the fore, the shares of group company Adani Green Energy went to a one-year high of Rs 1,990 on Friday. Along with this, its market cap also crossed Rs 3 lakh crore. This is the first company among the 6 listed companies of the group, which has become Rs 3 lakh crore. This happened when the market has fallen heavily for four consecutive days. Even today the Sensex is down 600 points.
second richest businessman
India’s second richest businessman Gautam Adani’s company will use the Adani trademark for electric vehicles. The group will first focus on electric commercial vehicles. This will include coaches, buses and trucks. It will initially be used for group functioning.
Group is in airport sector
In fact, the Adani Group is involved in sectors like ports and airports, which require commercial vehicles. For this purpose, the company will use its product first. Along with this, it will manufacture batteries and will also set up charging stations across the country.
focus on green project
Adani Group is focusing on Green Project. His new focus area will be around this. The group has recently formed a new subsidiary for Green Hydrogen Products. In this, low carbon electricity and wind turbines will be manufactured. In this solar modules and batteries will also be made. It will be among the largest renewable energy companies in the world.
$70 billion investment
Adani Group had said in November last year that it would invest $70 billion in a new energy business. This amount will be spent over the next ten years. The group has a strong infra focus and also plans to set up a Research and Development Center in the Special Economic Zone in Mundra, Gujarat. Through this, the focus will be on electric mobility. Adani will directly compete with Tata and Reliance in this sector. Both these groups have already made preparations to enter this sector.