Renault plans to make India a hub for EV components

Renault India has placed orders for electric motors and transmission with Rico Auto Industries and is also working on developing electric vehicles at its Chennai plant. This is the first time any global vehicle maker with operations in India has given an order to an Indian company for making parts of EV which will be exported to the European and American countries and also possibly to China. Renault is one of the leading vehicle manufacturers in the domain of EVs globally and has already invested heavily in electric mobility.