Greaves Electric opens facility in Ranipet, TN, to produce up to 1 million EVs a year, Auto News, ET Auto
New Delhi: Greaves Electric Mobility, the E-Mobility arm of Greaves Cotton Limited and one of the market leaders in the E-2W and E-3W segments, on Tuesday inaugurated its largest EV production facility in Ranipet, Tamil Nadu. The plant on 35 acres is built to preserve the green surroundings in an industrial centre of Tamil Nadu. It will serve as an electric mobility hub for both the domestic and the export markets, the company said in a release.
The Plant is part of the INR 700-crore investment roadmap announced by the company to expand its growing share in the Indian electric vehicle market. The new manufacturing plant is also in
accordance with the flagship initiatives of the Government such as Make in India and Atmanirbhar Bharat to promote indigenous capabilities in manufacturing, the company said.
The Ranipet plant will have the capacity to produce 120,000 units by the end of this fiscal year. It can be gradually ramped up to 1 million units in the near future. The facility will be operational with 70% women in the workforce.
Nagesh A Basavanhalli, MD and Group CEO, Greaves Cotton Limited, said, “This EV megasite will help us meet the rising needs of discerning customers and fleet purchasers in the last mile mobility market as we expand our capacities to produce a million EVs a year in future. This Plant will also allow us to nurture a highly skilled workforce and generate employment for the local community including women who form 70% of our workforce.”
According to Pooja Kulkarni, IAS. MD and CEO, Tamil Nadu Guidance Bureau, this new facility is a testimony of the industry-government partnership in positioning the state as the EV capital of India.
“We are delighted to welcome Greaves Electric Mobility to this flourishing ecosystem. The skilled workforce from Ranipet and surrounding region will immensely benefit by being a part of this future mobility facility. This facility will further strengthen the ecosystem with a wide pool of technical personnel, strong R&D capabilities, ancillary auto components, and manufacturing experience,” she added.
Greaves Electric Mobility has a robust retail and after-sales network with 7000-plus touchpoints, 12000 associate mechanics and a dedicated on-call support team to facilitate the consumers to make this transition smoothly. In October the company sold over 7500 units.