Anil Ambani’s company, Reliance Infrastructure, is considering entering the electric vehicle (EV) and battery manufacturing market. The company has hired the former Indian head of China’s BYD company to help implement its plans. Reliance Infrastructure has appointed external advisors to set up an EV plant with a capacity of around 250,000 vehicles per year. The company aims to produce up to 750,000 vehicles in the coming years. Additionally, Reliance Infrastructure is also exploring the feasibility of setting up a battery plant with an initial capacity of 10 gigawatt-hours (GWh) that could increase over a decade. However, Reliance Infrastructure has not commented on its plans. Sources say the company is also looking for partners, including Chinese companies, and aims to finalize its plans within a few months. Notably, Anil Ambani is the brother of Mukesh Ambani, the chairman of Reliance Industries and one of Asia’s richest billionaires, who is also investing heavily in the EV market.
