years after its first acquisition in e-mobility, Ampere Electric, the wholly
owned electric mobility subsidiary of Greaves Cotton Ltd, announced phased
investment potential of Rs 700 crore over 10 years to set up a world class
e-mobility manufacturing plant in Ranipet, Tamil Nadu.
A Memorandum of Understanding (MoU) to this
effect was signed by the company, with the Government of Tamil Nadu. At over 1.4 million square feet, the proposed
Ranipet manufacturing plant when ready will be one of the largest
state-of-the-art e-mobility manufacturing plants in the country.
Electric’s Ranipet plant will have the potential to start manufacturing 100,000
units in its first year of operation, and has the potential to scale to 1
million units per annum. This facility
will be operational by 2021, providing employment opportunities to the local
population. To be built on the principles of Industry 4.0, the Ranipet Plant
will boast an advanced automation process for superior manufacturing
on this announcement, Nagesh Basavanhalli, Group CEO & MD, Greaves Cotton
Limited, noted, “This is a historic milestone for Greaves Cotton, as we outline
our investment to transform the clean mobility landscape in India. This plant is dedicated to the State of Tamil
Nadu and our Nation. This move aligns with our mission of decarbonising last
mile transportation for a cleaner planet and uninterrupted mobility.”
on the launch of this new facility, Roy Kurian, COO, E-Mobility Business (2W
& 3W), Ampere Electric, said, “We have strengthened our leadership position
in e-mobility segment and getting ready to cater to the growing demand of
customers, channel partners, both in B2B and B2C segments. The manufacturing
facility in Ranipet will help us expand our offerings to an ever increasing
customer base not just in India but also in other parts of the world.”
announcement rides on the back of an impressive 35% growth in Ampere sales
volumes for Q3 FY21 amidst a challenging business environment triggered by the
Covid pandemic. Ampere Electric’s innovation in e2w has pioneered the shift
towards e-mobility since the last 12 years. Today, with a fast growing base of
500+ dealerships, 75000+ customer base and 50+ B2B buyers, the company has
emerged as one of the most sought after EV brands in the country.
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