Creatara: The grant will serve as a catalyst to accelerate development of technologically advanced vehicles for the local and global markets, the company said.
The Heavy Industries Ministry has also sanctioned 6862 electric buses to various state government entities for intra-city operations. Out of 6862 e-buses, 3487 e-buses have been supplied till November-end with grant worth Rs 1248 crore released, Gurjar added.
Get latest articles and stories on Business at LatestLY. The Ministry of Heavy Industries (MHI) held a pivotal discussion, "From Local to Global India - Manufacturing to Self-Reliance," at Yashobhoomi Convention Center in Dwarka, New Delhi. Business News | Ministry of Heavy Industries Advocates High-tech Localization for Global Competitiveness.