META4 Enters India For EV Manufacturing Unit, Will Invest Rs 250 Cr In Telangana

A UAE-based META4 Pvt limited is all set to enter India and establish an electric vehicle manufacturing unit in Hyderabad, Telangana. The company announced to invest of Rs 250 crores and signed an MoU with Telangana Government and Voltly Energy for the establishment in Zaheerabad. The K Chandrashekar Rao government provided 15-acres subsidized land for the green-mobility initiative. Furthermore, in FY 2022-2023, the company will produce 40,000 units.