Karnataka government's Large and Medium Industries Minister M. B. Patil, said that the state government anticipates securing investments of Rs 15,000 crore for research and development in the electric vehicle sector.

A total of Rs 25,000 crore in investments across the whole value chain have been successfully garnered by the Karnataka government up to this point.

The 25,000 crore rupee investment, according to Patil, covers infrastructure for charging and testing in addition to the production of battery packs and cells, components, OEMs, and original equipment manufacturing (OEM) products.

“Karnataka has registered around two lakh EVs in the State, making it the third highest in the country,” he said, adding, the state is home to 7-plus auto OEMs, 50-plus auto component manufacturers, and 45-plus EV startups.

The Minister added that the development of the overall Auto/ EV ecosystem in Karnataka is poised to bring about significant employment opportunities. "To ensure a skilled workforce, we have proactively partnered with leading companies such as Tata Technologies and Siemens,” he added.