In what can be called as exciting news amidst the local polls and COVID chaos in the state, Andhra Pradesh is all set to welcome Italian luxury automobile manufacturer Lamborghini for business.
According to official sources, the State government has received proposals from Pune-based Kinetic Green to set up a premium brand electric vehicle manufacturing unit in the state.
In the line of the proposal, the Kinetic Green would soon set up a manufacturing facility for electric golf carts with an investment of Rs 1,750 crore in any of the assigned port-based SEZ area of about 50 acres. The board was also approved to set up battery charging stations, charging swapping and R&D units in the state.
While Nellore, Chittoor and Visakhapatnam districts are the names under deliberation, meeting local requirements were also being taken into consideration. It was learnt that the firm sought incentives from the government considering it as a megaproject.
If everything goes as per the plan, Andhra Pradesh is all set to get yet another mega automobile manufacturing unit after Kia Motors.