Hindalco Industries Limited, a subsidiary of the Aditya Birla Group, has commissioned an electric vehicle (EV) component manufacturing facility in Chakan, Pune, Maharashtra. The facility was reportedly built with a capital investment of Rs 5 billion, and is spread over 5 acres in an industrial park. It marks the company’s entry into EV component production, specifically focusing on lightweight aluminium batteries.
The plant has an initial annual production capacity of 80,000 units, with future plans to scale this up to 160,000 units. Moreover, the facility has already delivered 10,000 aluminium battery enclosures for Mahindra’s BE 6 and XEV 9e electric SUVs, with over 3,000 Mahindra EVs equipped with these aluminium batteries already being operational.
In September 2024, Aditya Birla Renewables, the renewable energy arm of Aditya Birla Group, raised Rs 25 billion through a private placement of 2.5 million unsecured, listed, rated, redeemable non-convertible debentures with a face value of Rs 100,000.
