EV firm Wardwizard mulls ₹150-crore capex
The Hindu
It may set up units in South and East
Wardwizard Innovations & Mobility Ltd., a BSE listed electric vehicles (EV) company, is planning to invest ₹150 crore in the development of new products, meeting working capital requirements and setting up manufacturing facilities in the South and the East to cater to the growing demand for EVs.
To stay closer to its customers as well as to improve margins, the company has started discussions to set up facilities in Kerala in the South and either in Odisha or West Bengal in the East, top company executives said.
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