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India

Rana Group, India to invest INR 19 billion for the electric vehicle business

On May 6, Rana Group announced that it will invest INR 19 billion in the electric vehicle business. The group has signed two memorandums of understanding (MoU) with the Uttar Pradesh government. One MoU is to establish 100 EV charging hubs in PPP mode with an investment of around INR 4 billion, while the other MoU is....

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