Cargo Matters Commits Rs 100 Cr for AP EV Manufacturing and Charging Hub

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Cargo Matters to Invest Rs 100 Cr in AP for EV Manufacturing & Charging Hub

Representational image (Image: News18)

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News18•12-03-2026, 16:00

Cargo Matters to Invest Rs 100 Cr in AP for EV Manufacturing & Charging Hub

•Logistics firm Cargo Matters will invest Rs 100 crore to establish an EV manufacturing and charging hub in Andhra Pradesh.
•The facility, under an MoU with the state government, will include charger production, heavy vehicle electrification retrofit, and an R&D unit.
•Rs 50 crore of the total investment is specifically allocated for charging infrastructure to support regional heavy-duty electric corridors.
•A Detailed Project Report (DPR) has been submitted to APIIC for 18 acres of industrial land in Madanapalle, AP.
•The project aims to create 1,000 direct and 3,000 indirect jobs, aligning with the Andhra Pradesh Sustainable Electric Mobility Policy 4.0.

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