German firm invests Rs.4640 crore in e-truck, bus unit in Chittoor
Pepper Motion set to launch ev bus, truck unit in Chittoor, to invest Rs.4640 crore
AP CM YS Jagan Mohan Reddy with Pepper Motion CEO Andreas Hager
Vijayawada: Pepper Motion is all set to launch its Rs.4640-crore electric bus and truck manufacturing unit in an area of 800 acres at Punganur in Chittoor district.
CEO of the German-based company Andreas Hager called on Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy at his camp office at Tadepalli near here on Wednesday and thanked him for giving fast-track clearance for establishment of the facility in the State.
The Chief Minister explained about the pro-active and transparent industrial policy being implemented by the YSRCP Government for giving single window clearances to entrepreneurs and producing green energy in the State..
Hager told him that their unit will manufacture 30,000 electric buses and trucks annually. It will also have a facility of retrofitting for converting diesel buses and trucks into electric vehicles. Its integrated vertical production facility of international standards will also have a 20GWH capacity battery manufacturing unit, he told the Chief Minister.
Pepper Motion has tie up with leading international corporate companies and has facilities in USA, Europe, Mexico and China.
He thanked the Chief Minister for giving fast clearances for its unit at Punganur and said that its forthcoming global centre of excellence in the State will also extend services to its partners in Middle East, Africa and Asia.
He said the unit will provide employment to 8100 engineers and technicians. Rajampet MP P. Mithun Reddy, Pepper Motion CTO Dr Matthias Kerler, Finance Director Uve Stelter, Wurth Electronics India MD Harsh Aadya, Pepper Motion CIO Rajasekhara Reddy Nallapureddy, CSO Satya Bulusu, CCO Ravi Sankar, Associate Sridhar Kilaru and senior officials of the CMO were present.
