The Rana Group, which has diversified its business interests, on Friday said it will invest Rs 1,900 crore in the electric vehicle business in a phased manner, a top company official said on Friday.
The group has also appointed cricketer Sourav Ganguly as the brand ambassador of its three affiliates Erica Agritech, Erisha E Mobility and Erisha Edu Support.
“We have signed two MoUs with the Uttar Pradesh government. We have to set up 100 EV charging hubs in PPP mode, and the investment will be around Rs 400 crore. Another MoU is to spread an EV park in Jhansi. More than 300 acres, and investment is Rs 1,500 crore,” Darshan Singh Rana, chairman and CMD of Rana Group, told PTI on the sidelines of a company event.
Rana Group to invest Rs 1,900 crore in EV business
