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Terra Motors Inks MoU With Tamil Nadu, Commits Rs 50 Crores For Charging Infrastructure

Under the partnership, the company will invest Rs.50 crore to enhance the state’s EV charging infrastructure.

Terra Motors Inks MoU With Tamil Nadu, Commits Rs 50 Crores For Charging Infrastructure
Tamil Nadu Global Investors Meet 2024

Outlook Start-Up Desk

POSTED ON January 09, 2024 12:38 PM

Electric Vehicles ecosystem company, Terra Motors and the Tamil Nadu State Government joined hands in a landmark partnership to electrify the EV infrastructure in the state.  

The company has pledged to invest Rs.50 crores to enhance the charging infrastructure for electric vehicles in the state. 

The company signed the MoU with the State Government headed by Chief Minister M.K. Stalin at the third edition of the Tamil Nadu Global Investors Meet in Chennai, attended by 9 partner nations and over 30 participating countries, it added in the statement.  

The company has recently expanded its geographical presence in India by establishing its EV charging infrastructure vertical, Terra Charge's new office, across six Indian cities - Pune, Hyderabad, Gurgaon, Bangalore, Kolkata, and Chennai.  

The investment will contribute to India’s green transportation drive, helping achieve the target of 30 per cent of new registered private vehicles being electric, the company claimed. 

Akihiro Ueda, CEO of Terra Motors, commented on the initiative, saying, “Our strategic investment of Rs.50 crore in Tamil Nadu will allow us to enhance the existing EV charging infrastructure in the state, strengthening India’s EV charging network.”  

Apurba Das Mohapatra, business head at Terra Motors Charging Solution, expressed his thoughts on the partnership saying, “Tamil Nadu’s pro-automotive ecosystem, robust infrastructure, government’s support, and access to a sizeable market make the state an ideal market for us. This makes the partnership with the state quite lucrative for both the company and the state. Through our investment, we intend to cater to the evolving charging requirements of the state and capitalise on its growth.” 

The state partnership is expected to usher technological breakthroughs and address the range anxiety issue significantly. The company is exploring more meaningful collaboration with state government and local entities to cater to the growing Indian EV market. 

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