Navyandhra is a German car company.....

Vijayawada, December 21, (way2newstv.in):Navyandhra comes with another car manufacturer ... German Start up company Magnum Pirex has entered the Indian market and has invested about $ 15.5 million in an electric car manufacturing company in Andhra Pradesh. Battery-powered sports cars, family cars and small trucks will be manufactured here. Magnum Pirex CEO Hubert Mencher recently met with Andhra Pradesh Chief Minister Chandrababu Naidu. At this meeting, Chandrababu Naidu has asked for a comprehensive project proposal. The company produces 12,000-15,000 electric cars annually. Our goal is to build up to 100,000 units a year in India. The company wants 22 acres of land in Andhra Pradesh. For easy imports and exports, the land close to the port asks the Andhra Pradesh government. After the comprehensive project report, the Government of Andhra Pradesh will examine and give land. In addition to the recently acquired Toyota Kirloskar Motors, along with automotive giants such as Isuzu, Hero Motocorp and Kia Motors, in Navratra, Amravati came forward to supply electric vehicles in the city. Electric vehicle manufacturers are attracted to our state, with the new policy introduced by Andhra Pradesh, to states like Karnataka, Maharashtra and Telangana, which introduce special policy initiatives to attract electric vehicle manufacturers.