Automaker Skoda-Auto Volkswagen India has got a green signal from the Maharashtra government for a fresh investment of Rs 15,000 crore to set up an electric vehicle and hybrid car plant at Chakan in Pune.

This new investment is a part of 1,20,000 crore investments that have been cleared by the state government last week in sectors such as electric vehicles (EVs), hybrid technology and semiconductors.

Skoda-Auto Volkswagen India’s project is expected to provide more than 1,000 jobs, state deputy CM Devendra Fadnavis tweeted on X on the upcoming projects in the state.

Apart from Skoda-Auto Volkswagen, Toyota Kirloskar Motor also received a green light to build a new manufacturing facility in Maharashtra.

“The fresh investment of up to Rs 15,000 crore aims to further enhance the Group’s product portfolio in the best interests of the Indian customers while also focusing on more sustainable mobility solutions,” Skoda-Auto Volkswagen India said in a statement.

“This includes among other things BEVs and the further improved next generation of ICE vehicles, manufacturing facilities upgrades, and creating additional jobs – both direct/indirect – and thereby fostering sustainable growth in the region,” it said, adding that the company would “provide more details on the agreement” at a later date.