Pinnacle Industries to invest INR 2,000 cr to set up EV manufacturing units in Pune, Indore

The scheme for the auto sector seeks to incentivise domestic manufacturing of high-value advanced automotive technology vehicles and products, and expects over the next five years the scheme to attract over INR 42,500 crore in new investments, incremental production worth over INR 2.3 lakh crore and generate over 7.5 lakh new jobs.