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India

Ultraviolette, India signs MoU with Karnataka Government for INR 2 billion two-wheeler plant expansion

On March 27, Ultraviolette Automotive signed a memorandum of understanding (MoU) with the Government of Karnataka at the Invest Karnataka Conclave for a phased five-year manufacturing expansion backed by state PLI support and fast-track facilitation. Phase 1 will involve an INR 2 billion investment to expand capacity....

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