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Hinduja Group eyes strategic investments in EVs, energy and banking in Uttar Pradesh


Hinduja Group expressed eager curiosity in investing throughout key sectors like EVs, vitality and banking in Uttar Pradesh at a high-level funding overview assembly on Wednesday on the Make investments UP workplace right here.

The assembly with senior representatives from the Hinduja Group was chaired by Uttar Pradesh Chief Secretary Manoj Kumar Singh, an official assertion issued right here stated.

Discussions targeted on exploring strategic partnerships and funding alternatives in electrical automobiles, EV charging infrastructure, media, renewable vitality, insurance coverage, and monetary providers.

The Hinduja Group delegation was led by SK Chaddha, senior advisor, together with Ravi Chawla, MD and CEO of Gulf Oil and Vynsley Fernandes, MD & CEO of HGS Restricted, it stated.

Numerous Hinduja Group corporations, together with IndusInd Bank, IndusInd Insurance coverage, Gulf Oil, Hinduja Renewables, NXTDIGITAL, and Ashok Leyland, made detailed displays to the Chief Secretary and senior authorities officers.

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Ashok Leyland highlighted the speedy completion, inside 18 months, of its electrical bus manufacturing facility in Lucknow.Industrial manufacturing on the facility is anticipated to start inside the subsequent two months. The corporate additionally requested extra land to help growth plans for future development, it stated.Gulf Oil, one of many world’s largest unbiased downstream lubricant corporations working in over 100 international locations, showcased its enterprise profile and future-ready EV lubricant choices.

The corporate additionally offered its capabilities in EV charging infrastructure, providing end-to-end options, together with AC/DC chargers and proprietary software program for automobiles starting from two-wheelers to electrical buses, the assertion stated.

Gulf Oil proposed help in establishing a strong EV charging community throughout the state, it stated.

IndusInd Financial institution showcased its rising footprint within the state, now working in 57 districts with 186 branches and 230 ATMs, reflecting a dedication to monetary inclusion and accessible banking providers throughout the state.

NXTDIGITAL, one other key Hinduja Group entity, offered its potential to bridge the digital divide within the state.
Moreover, the assertion stated the Hinduja Group expressed sturdy curiosity in contributing to the state’s imaginative and prescient of changing into a USD 1 trillion financial system.


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