People Tech Enterprises Signs MoU for 1,200-Acre Orvakal Mobility Valley EV Park

What was decided

In a landmark development for India's Electric Vehicle ecosystem, People Tech Enterprises signed an MoU with the state government on Friday to establish a 1,200-acre Electric Vehicle Park. The park, in Kurnool district, would be known as the Orvakal Mobility Valley. This is a private-sector investment MoU with the state government — a statement of intent to invest and develop, not a land-allotment notification or a NICDC master-plan order.

The MoU was signed by TG Viswa Prasad, CEO of the group, and Saikanth Varma, CEO of the state economic development board, in the presence of IT minister Nara Lokesh and industries minister TG Bharath. Company representative Bhaskar Reddy was also present.

Investment and scale-up plan

The Orvakal Mobility Valley will be developed with a total investment of ₹1,800 crore, aiming to provide infrastructure for EV manufacturing and allied industries. Once fully operational, the park is expected to attract an investment of $1.5 billion (₹13,000 crore) and generate employment for 25,000 people.

The initial Rs 1,800 crore figure is the developer's own committed outlay; the larger $1.5 billion figure is a projection for the park once ancillary and allied units move in — it is not a guaranteed or committed sum from a single investor.

Anchor unit: the E2W plant

As the anchor unit of the park, People Tech Enterprises will set up an Electric Two-Wheeler manufacturing unit with an investment of Rs 300 crore. The company said it was also in advanced talks with leading battery, display, and motor control manufacturers from Taiwan, Korea, and China for joint-venture partnerships to establish units in the park.

Timeline announced at signing

• 17 January 2025: MoU signed in Amaravati/Anantapur presence of ministers.
• End of March 2025 (planned): The ground-breaking ceremony for both the park and the E2W manufacturing unit was planned for the end of March 2025.
• December 2026 (target): The first electric two-wheeler from the factory was expected to roll out by December 2026.

No independent confirmation of an actual ground-breaking event or construction progress beyond these announced targets was found in coverage up to March 2025; readers should treat the March 2025 and December 2026 dates as company-stated targets at the time of the MoU rather than confirmed completions.

Where this sits inside the Orvakal node

Orvakal is also the site of a separate, larger NICDC-developed Industrial Smart City node. The Orvakal node in Kurnool district, spanning 2,621 acres, is being developed under the Hyderabad-Bengaluru Industrial Corridor, with access to NH40, NH44 and the Kurnool Bypass. This node traces back to a Union Cabinet decision: the Union Cabinet approved 12 new industrial-city project proposals under the National Industrial Corridor Development Programme, with an estimated investment of Rs 28,602 crore, on 28 August 2024, including Orvakal and Kopparthy in Andhra Pradesh. Officials at the time said 2,621 acres would be allotted for the Orvakal industrial hub, with Rs 2,726 crore to be spent to provide employment for 45,000 people.

That NICDC-led Orvakal Industrial Area was later formally launched: Prime Minister Narendra Modi inaugurated greenfield industrial parks at Kopparthy and Orvakal in Andhra Pradesh on 16 October 2025, with a combined investment of ₹4,920 crore. The Orvakal Industrial Area, spread across 2,621 acres, is envisioned as an integrated township with an investment potential of about ₹12,000 crore, catering to sectors including automobile components, renewable energy, aerospace and defence, electronics, textiles, pharmaceuticals, and gems and jewellery.

Available sources do not clearly state whether the 1,200-acre Mobility Valley footprint is carved out of this 2,621-acre NICDC allotment or sits on adjoining land near Orvakal town; this page will be updated if an official boundary clarification is found.

Related Orvakal announcements since the MoU

Orvakal has continued to attract project announcements after the People Tech MoU. In November 2025, the Commerce Ministry announced the launch of India's first Drone City at Orvakal in Kurnool district, a 300-acre project developed in collaboration with the Government of Andhra Pradesh, expected to generate over 40,000 jobs. This is a distinct project from the Mobility Valley EV park but underscores continued industrial activity at the same node.

Practical effect for investors and locals

For the state, the MoU is a headline commitment that pairs with the broader Orvakal industrial push already under way via NICDC's Hyderabad-Bengaluru corridor node. For investors, the practical effect is an opening: the anchor developer stated it was in advanced talks with battery, display and motor-control manufacturers from Taiwan, Korea and China for joint-venture units inside the park, signalling potential sub-contracts and ancillary land demand once the anchor plant is under construction. For residents and land-owners in Orvakal mandal, an MoU of this kind typically precedes land-acquisition, environmental-clearance and infrastructure works — none of which had separate public notifications identified in this research as of the sources reviewed.