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DAO EVTech to invest Rs 100 cr in Tamil Nadu

Friday, 03 Mar 2023
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DAO EVTech, a smart electric mobility manufacturing firm, has committed Rs 100 crore to Tamil Nadu. This is a part of the company's proposed USD 100 million investment in India.

In addition, the company intends to open 20 dealerships in Chennai. Further, the company has also set aside USD 20 million for the development of novel products.

The company expects to create 2,000 new jobs as part of its expansion strategy over the next two years. DAO EVTech, already has dealerships in Madurai, Pollachi, Coimbatore, and Thanjavur.

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