Along with steel, Gautam Adani, India’s second-richest person and head of the ports-to-power conglomerate Adani Group, may now be eyeing the auto sector.
A trademark has been registered for the name ‘Adani’ that proposed to be used for vehicles, by S.B. Adani Family Trust. The plan is to enter the EV space, Times of India reported, quoting sources and the Group will first look at electric commercial vehicles — coaches, buses and trucks and will initially use them for its in-house requirements in airports and ports. It also has plans to manufacture batteries and set up charging stations across the country.
This follows hot on the heels of Adani Green hitting a market cap of Rs 3 lakh crore. ANIL to undertake green hydrogen projects, generation of low carbon electricity and manufacture of wind turbines, solar modules and batteries as it looks to become the world's largest renewable energy company.
