Big move by Mukesh Ambani as Reliance consumer products plan to increase brand presence in…

It may surprise you as a reader but the reports have suggested that Asia’s richest man Mukesh Ambani would soon get competition in the electric vehicle (EV) market from his younger brother, Anil Ambani.

Anil Ambani’s Reliance Infrastructure is all set to make its presence in the realm of electric vehicles and the company has roped in former BYD executive Sanjay Gopalkrishnan as consultant to have his valuable suggestions in manufacturing the car and batteries.

It will be quite interesting to witness that both brothers will vie with each other in the segment.

As per Reuters reports, Reliance Infrastructure is trying to learn the initial investment cost for an EV plant as it is planning to come up with 250,000 cars. Similarly, The company is exploring the possibility of a battery manufacturing plant of 10 GWh capacity.