WardWizard to start work on EV ancillary unit
The Hindu
The development of the EV ancillary cluster will begin from February 2022 in a phased manner.
Electric Vehicle (EV) firm WardWizard Innovations and Mobility Ltd. said it has acquired 4 million sqft land along with its Promoters & Promoters’ Group for development of an EV ancillary project in Vadodara.
This is in accordance with an MoU signed with the Government of Gujarat in December 2021 for an investment of ₹500 crore in this project. “The project aims to provide a solution to localise and strengthen the supply chain of raw materials for EV manufacturing,” the company said in a statement. The development of the EV ancillary cluster will begin from February 2022 in a phased manner.
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