Amaravati: Andreas Hager, CEO of the German-based Pepper Motion Company, called on Chief Minister YS Jagan Mohan Reddy at the Camp Office here on Wednesday.
Pepper Motion, engaged in manufacturing of electric buses and trucks, is poised to lay the foundation stone for its EV bus and truck manufacturing unit on an extent of 800 acres at Punganur in Chittoor district with an investment of Rs.4640 crore.
The Chief Minister explained about the transparent industrial policy being implemented by the Government for giving single window clearances to entrepreneurs and producing green energy in the State.
Andreas Hager told him that their unit will manufacture 30,000 electric buses and trucks annually and it will also have a facility of retrofitting for converting diesel buses and trucks into electric vehicles.
Its integrated vertical production facility of international standards will also have 20GWH capacity battery manufacturing unit, he told the Chief Minister. Pepper Motion has tie up with leading international corporate companies and has facilities in USA, Europe, Mexico and China.
He thanked the Chief Minister for giving fast clearances for its unit at Punganur and said that its forthcoming global centre of excellence in the State will also extend services to its partners in Middle East, Africa and Asia.He said the unit will provide employment to 8100 engineers and technicians.
ముఖ్యమంత్రి శ్రీ వైఎస్ జగన్ను కలిసిన జర్మనీకి చెందిన ప్రముఖ ఎలక్ట్రిక్ బస్సులు, ట్రక్కుల తయారీ సంస్ధ పెప్పర్ మోషన్ సీఈవో ఆండ్రియాస్ హేగర్, ప్రతినిధి బృందం.#YSJaganDevelopsAP#CMYSJagan#AndhraPradesh pic.twitter.com/VoDXuGu8Xg— YSR Congress Party (@YSRCParty) November 29, 2023
Rajampeta MP P. Mithun Reddy, Pepper Motion CTO Dr Matthias Kerler, Finance Director Uve Stelter, Wurth Electronics India MD Harsh Aadya, Pepper Motion CIO Rajasekhara Reddy Nallapureddy, CSO Satya Bulusu, CCO Ravi Sankar, Associate Sridhar Kilaru and senior officials of the CMO were also present.