Andhra Pradesh might have INR 1750 crore investment by Lamborghini
Andhra Pradesh might have INR 1750 crore investment by Lamborghini

Lamborghini, the Italian luxury automobile manufacturer is likely to invest INR 1,750 crore in Andhra Pradesh to manufacture electric golf carts and a battery swapping unit. The sources say, the State government has received a proposal from electric vehicle maker Kinetic Green evincing interest in setting up a manufacturing facility for electric golf carts and a battery swapping unit with an investment of Rs 1,750 crore in AP. 

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The Lamborghini is planning to set up the plant in a Special Economic Zone in the Andhra Pradesh State to manufacture electric golf carts and a battery swapping unit. Kinetic Green Energy & Power Solutions, is a part of the Pune-based Kinetic Group, is in joint venture with Tonino Lamborghini in India from Febrauary 2018 for design and manufacture of premium segment golf carts and other electric off-road vehicles. The location expected is in the Special Economic Zone near a port for the golf cart project and also for the battery swapping (infrastructure) to promote electric three-wheeler irrespective of the brand. The combined investment of INR 1,750 crore is estimated. 

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SEZ is the specific because that will allow it to have an attractive export opportunity. Andhra Pradesh because the state is the largest three-wheeler market in the country. The company is expecting incentives from the government considering it as a megaproject. The state officials said "After getting a proposal, we will have to examine several issues as the ultimate aim of the government is to see how far it will benefit the State in terms of generation of employment".

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