The government of Andhra Pradesh has signed a preliminary memorandum of understanding (MoU) with Veera Vahana Udyog for setting up an electric bus manufacturing unit.
The company will make an investment of Rs 1,000 crore in Phase-I. The unit will spread over 120 acre, and located at Anantapuramu district.
The production capacity of the unit will be 3,000 buses per annum. The land allocation will be done soon.