Adani Group Likely To Foray Into Automobile Sector, Trademark Registered
The Group will look at electric commercial vehicles — coaches, buses and trucks — to begin with. It will initially use them for its in-house requirements in airports, ports and for other logistics purposes, according to sources. Avaneesh Parasar MUMBAI/CHENNAI: After planning a foray into the steel industry, Gautam Adani , India’s second-richest person and head of the eponymous Adani Group, appears to be looking to enter the automobile sector. Group entity S B Adani Trust received trademark approval to use the name ‘Adani’ for vehicles operating on land and in water. The move is part of the ports-to-power conglomerate’s broader play in green projects. The plan is to enter the electric mobility space, said sources. It will look at electric commercial vehicles — coaches, buses and trucks — to begin with. It will initially use them for its in-house requirements in airports, ports and for other logistics purposes. It also has plans to manufacture electric vehicle batteries and set up c...

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