The proposed factory is expected to have a capacity of about 100 units a month. The company has planned a cumulative investment of around Rs 8,000 crore over the next eight years.
It is in the process of identifying a site for the proposed factory near Chennai and plans to come out with its first pilot product in nine to 12 months.
Mallawa Ventures has forged a partnership with a Texas-based company to set up a hydrogen plant to meet the fuel requirements of its buses.
The project is expected to be ready in 18-24 months with a capacity of 60 tonne. This unit is expected to entail an investment of Rs 300-400 crore.