After planning a foray into the steel industry, Gautam Adani, India’s second-richest person and head of the Adani Group, appears to be looking to enter the automobile sector. Group entity S B Adani Trust received trademark approval to use the name ‘Adani’ for vehicles operating on land and in water. The move is part of the ports-to-power conglomerate’s broader play in green projects. The plan is to enter the electric mobility space, said sources. It will look at electric commercial vehicles - coaches, buses and trucks - to begin with. It will initially use them for its in-house requirements in airports, ports and for other logistics purposes.
Recently, the government, in a bid to power up the electric vehicle-charging ecosystem, decided to offer land to private entities to install charging stations on a revenue-sharing basis. The infrastructure conglomerate also plans to establish an R&D centre in its special economic zone (SEZ) in Mundra, Gujarat, for its proposed play in electric mobility. The move pits the Ahmedabad-based conglomerate against the Tata Group and Reliance Industries, which too have ambitious plans in low-carbon projects.
