Adani is broadening his green strategy and considering a push into electric vehicles.

Along with steel, Gautam Adani, India's second richest man and CEO of the Adani  Group, may now be eyeing the car market.

According to the Times of India, which cited sources, the objective is to enter the electric vehicle market.

It also intends to build batteries and install charging stations across the country. The action is in line with the Group's overall commitment to green initiatives.

Adani Group has just established a wholly-owned new company, Adani New Industries Ltd (ANIL), to invest 70 billion dollars in the new energy sector. The company wants to become the world's greatest renewable energy company using green hydrogen and other items such as wind turbines, solar modules, and batteries.

"We expect to be the world's greatest renewable energy firm without caveat by 2030 - and we have committed USD 70 billion over the next decade to make this happen," Gautam Adani declared at an event on November 11, 2021.

Adani Group is already the largest solar power developer in the world.