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Reliance Infrastructure has announced a board meeting to discuss the incorporation of two wholly-owned subsidiaries under Reliance Velocity Limited: Reliance Perfect EV Private Limited and Reliance Pure EV Private Limited. Each has been registered with an authorized and paid-up share capital of Rs. 1,00,000 (cr). These subsidiaries aim to manufacture and deal in various vehicles and components. The move aligns with the company’s strategy to expand into the electric vehicle sector. This development may create positive investor sentiment as it positions the company to capitalize on the growing demand for electric vehicles in India.