Folks Motor invests INR 500 cr for 'The Blue IP' industrial park

Folks Motor has announced a massive INR 500 crore investment to develop 'The Blue IP', India's first dedicated warehousing and industrial park for the EV ecosystem in Sonipat, Haryana.

This state-of-the-art facility is designed to address the infrastructure gaps in the EV industry. It will provide ready-to-move-in industrial sheds, warehousing solutions, and common facility centers for EV component manufacturers.

'The Blue IP' represents a new era of industrial infrastructure, specifically tailored to the needs of green mobility. It is expected to generate thousands of jobs and attract significant foreign direct investment into the region.