Blue Energy Motors Ltd., a partner in Essar’s green mobility initiative, signed a Memorandum of Understanding (MoU) with the Maharashtra government at the World Economic Forum in Davos to invest INR 3500 crore in manufacturing 30,000 electric trucks starting in 2025-26. This investment aims to boost the state’s EV manufacturing infrastructure and create over 4,000 jobs. The facility will include R&D, battery-pack production, motor manufacturing, and charging stations.

Blue Energy Motors plans to invest INR 3500 crore in a state-of-the-art manufacturing facility in Maharashtra. This investment is projected to generate direct employment for over 4,000 individuals. The Maharashtra government signed the MoU with Blue Energy Motors at the World Economic Forum in Davos.

What all does it include?

The proposed facility will manufacture 30,000 electric trucks and incorporate advanced R&D capabilities. It will also include a battery-pack production line, a motor manufacturing unit, and charging stations. The project is expected to commence in the fiscal year 2025-26. This initiative is part of Essar's green mobility program.

This investment will enhance Maharashtra’s EV truck manufacturing infrastructure and contribute to industrial growth. The manufacturing plant will produce AI and ML-enabled electric commercial vehicles designed for efficiency and reliability while reducing carbon emissions. This initiative aligns with Blue Energy Motors’ mission to become a leader in green trucking solutions.

“We are excited to announce this landmark partnership with the Government of Maharashtra. This collaboration represents a crucial milestone in our ambitions of pioneering green trucking in partnership with Essar’s green mobility initiative. It reflects our shared vision for a cleaner, greener and a more sustainable future. Our investment will not only reaffirm Maharashtra’s position as a global hub for advanced clean mobility solutions but also will contribute to job creation and economic growth,” said Anirudh Bhuwalka, CEO of Blue Energy Motors.

The new facility will implement industry-leading manufacturing practices to produce zero-emission electric trucks. These trucks are designed to redefine heavy-duty trucking. The partnership between Blue Energy Motors and the Maharashtra government represents a shared vision for a cleaner and more sustainable future.

The investment will also support job creation and contribute to Maharashtra’s economic growth. Blue Energy Motors aims to establish itself as a leader in green trucking solutions. The company wants to address global challenges such as climate change and sustainable development through collaboration with key leaders and stakeholders.