From News desk :Eastern Chronicle 24 x 7, The 16th September, 2024.
Anil Ambani, younger brother of Asia’s richest person Mukesh Ambani, may not have tested thr same Level of success, as his more famous older siblings, but his new venture could be the shot in the arm of his business empire thrive once again.
According to Reports, Anil Ambani is planning enter into Automobile Manufacturing marker to take on Bigwigs if India’s Automobile Industry such as TATA s, Mahindra & Mahindra, OR Maruti Suzuki.
Anil Ambani’s Reliance Infrastructure plans enter into Car manufacturing industry, initially plans to manufacture Electric Vehicles, Electric Cars, Batteries, for that one will set up manufacturing units in India.
Reliance Infrastructure has also brought a former Indian executive, who also worked in past for a Chinese Car Manufacturer BYD, a Chinese company.
Additionally Anil Ambani’s firm, Reliance to infrastructure roped in special consultant to determine the costs and final details of their massive EV’s plants which expected to Produce 2,50,000 electrical vehicles in a Year, the report said. Adding that target, it is to increase the capacity to manufacturing more over 7,50,000 EVs in Near Future.
Reliance infra is also mulling to set up a vast battery plant to manufacturing Batteries for their Electric Vehicles, in a giant capacity of 10 giga watt/hour (10GWh) , the report said.
Ambani vs. Ambani.,……?
Anil Ambani, the younger brother of Mukesh Ambani, Asia’s Richest Person, and 11th Richest in the World. The Ambani Brothers went their separation back in the Year 2005, and Divided their Businesses, Mukesh played it safely forayed And flourished his Oil & Telecom sector, reliance retail also, while Anil Ambani Launched several innovative ventures- Reliance Power, Reliance Capital, Reliance Intra, Reliance Communication etc. Which failed, or reduced significantly his fortunes.
Notably, a Mukesh Ambani’s owned Reliance subsidiary, which also working to making Batteries for EVs, which would put the two brother into a Battles into Electric Vehicles space of Business.
