PG Electroplast's shares soar 15% post exclusive EV manufacturing deal with Spiro Mobility in India.

PG Electroplast's shares jumped over 15% after the company signed an exclusive deal with Spiro Mobility to manufacture electric vehicles and lithium-ion batteries in India. This move could position PG Electroplast as a key player in India's growing EV market. The partnership involves setting up and managing manufacturing facilities and sourcing materials, while Spiro Mobility will focus on R&D, marketing, and distribution.

November 19, 2024
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