◂ Announcements

Sep 1, 2022NEW FACILITYOragadam, India

MM Forgings to invest ₹200 crore in new EV motor plant in Oragadam

MM Forgings will invest ₹200 crore in a new plant in Oragadam to make traction motors for EVs and auxiliary motors for heavy vehicles.

Value

$25.0M (2.00B INR)

Status

Announced

Productstraction motorsauxiliary motors

CompaniesMM Forgings

Sectors#Automotive Components

“We will invest ₹200 crore in the new plant that will come up in Oragadam to make traction motors for EV and auxiliary motors for heavy vehicles”thehindu.com

1 source
thehindu.comMM Forgings forays into EV space, to invest ₹225 crore in 5 years - The HinduN. AnandSep 1, 2022

Summarized from public sources; check the original articles before acting on it.

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MM Forgings to invest ₹200 crore in new EV motor plant in Oragadam · Endata