Andhra Pradesh is drawing investments from prestigious automobile and IT companies alike. Royal Enfield has expressed intention to invest Rs 2,200 crore and establish its manufacturing unit at Satyavedu in Tirupati district. The unit would provide jobs to 3,000 people in the automobile sector.
The government has agreed to provide incentives worth Rs 1,486 crore, including 267 acres at Satyavedu.
The company has decided to invest in the state in two phases. The first phase of the unit would be completed by 2029 while the second phase would be completed by 20232.
Royal Enfield already has two factories near Chennai. South Korean automotive giant and subsidiary of Hyundai Motor Company had established its state-of-the-art manufacturing facility in Penukonda, Anantapur district, in 536 acres.
IT produces 3,00,000 units annually and provides direct employment to 3,000 people. More than 7,000 indirect jobs had also been provided by Kia Motors.
This post was last modified on 6 May 2026 8:05 pm
Indian External Affairs Minister S. Jaishankar never minces his words while responding to media queries…
Senior Tuni politician Yanamala Krishnudu has joined the Jana Sena Party in a significant political…
The biggest surprise in Telugu film circles today was spotting Megastar Chiranjeevi at Sigma's pre-release…
Donald Trump administration in the United States has been taking several radical measures with regard…
Jailer 2 is easily one of the most anticipated films of the year, and with…
Superstar Rajinikanth has unmatched craze in Telugu states. Proving this once again, Jailer 2 theatrical…