Taiwan's Gogoro to invest $1.5 Bn for smart battery infra in India
The company has signed a memorandum of understanding (MoU) with the government of Maharashtra, to manufacture electric vehicles, smart battery packs and battery swap stations, and to deploy battery swapping infrastructure in the state. As part of the proposed project, the government of Maharashtra will be providing financial assistance and support to the company. The proposed ‘ultra mega project’ is expected to generate approximately 10,000 direct and indirect jobs.