Anil Ambani New Company: As industrialist Anil Ambani's debt is decreasing, his company has started entering the new sector
As industrialist Anil Ambani's debt is decreasing, his company has started entering new sectors. With the reduction of debt, companies have started getting new orders. Anil Ambani's companies are expanding.
Anil Ambani New Company: As industrialist Anil Ambani's debt is decreasing, his company has started entering the new sector. With the reduction of debt, companies have started getting new orders. Anil Ambani's companies are expanding. A few months ago, Anil Ambani started a new company in the real estate sector, so now he is spreading his wings in the automobile sector. This time Anil Ambani is going to do what his brother Mukesh Ambani has not been able to do so far.
Anil Ambani to start new company
Anil Ambani recently announced his foray into the EV sector. For this, he appointed the former India head of China's largest EV company BYD as an advisor. Anil Ambani's Reliance Infrastructure is considering a plan to manufacture electric cars and batteries. Anil Ambani's company Reliance Infrastructure has laid the foundation of Reliance Clean EV Private Limited (RCEVPL). The purpose of this company is to manufacture and sell vehicles and their parts powered by different fuels.
What is Reliance Clean EV Private Limited?
Reliance Clean EV Private Limited (RCEVPL) is a subsidiary of Reliance Velocity Limited. The purpose of this company is to manufacture vehicles and its components using different fuel options. Through this company, Anil Ambani is pushing Reliance's expansion plan in the automobile sector. Anil Ambani has started the Reliance Clean EV Private Limited (RCEVPL) unit through Reliance Velocity Limited (RVL), a wholly-owned subsidiary of his company Reliance Infrastructure Limited. RCEVPL received approval for this company on November 20, 2024. This move of Anil Ambani will increase the problems of companies like Tata, Mahindra. These companies continue to dominate the automobile sector. After Anil Ambani's entry into the EV and automobile sector, his challenges will increase.