Ultraviolette to set up Rs 779 crore factory in Hosur

The development comes after Ultraviolette exchanged a memorandum of understanding to invest Rs779 crore and create 4,000 jobs with the TVK government at the investment conclave in August. This makes the State home yet another electric vehicle manufacturer after companies like Old and Ather. The investments will be in phased manner. Ultraviolette is backed by [...]