With the initiation of Chief Minister Jagan Mohan Reddy, Pepper Motion, the world’s first original equipment manufacturer (OEM) in the automotive industry is setting up its manufacturing unit, by investing ₹4,640 crore, in Punganur of Chittoor district, said district Collector Sagili Shanmohan on Friday.
Following talks with Pepper Motion CEO Andreas Hager and the company’s delegation, the Collector said that December 1 will be a historic day for Chittoor. “By establishing the Pepper Motion electric vehicle manufacturing industry in Punganur, the educated unemployed youth will not have to leave their family and villages to go to cities like Bangalore and Chennai for jobs. As many as 8,100 jobs will be created locally. The value of land around this industry will increase and the face of Punganur will change. The state government will take appropriate measures so that the pollution percentage is very low,” he said at a press conference.
Mr. Shanmohan further said that planning was over and construction activity would commence from February 2024, while appealing to the public and farmers to cooperate in the establishment of the industry.
