The Ranipet plant will have the capacity to produce 120,000 units by the end of this fiscal year, the company said.
The Ranipet plant will have the potential to develop one hundred twenty,000 models by the close of this fiscal year, the organization mentioned.

New Delhi: Greaves Electric powered Mobility, the E-Mobility arm of Greaves Cotton Limited and a single of the current 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 constructed to preserve the eco-friendly surroundings in an industrial centre of Tamil Nadu. It will provide as an electric powered mobility hub for both the domestic and the export marketplaces, the organization mentioned in a launch.

The Plant is part of the INR seven hundred-crore expense roadmap declared by the organization to extend its increasing share in the Indian electric powered vehicle current market. The new production plant is also in
accordance with the flagship initiatives of the Govt this kind of as Make in India and Atmanirbhar Bharat to endorse indigenous abilities in production, the organization mentioned.

The Ranipet plant will have the potential to develop one hundred twenty,000 models by the close of this fiscal year. It can be steadily ramped up to 1 million models in the in close proximity to long term. The facility will be operational with 70% females in the workforce.

Nagesh A Basavanhalli, MD and Team CEO, Greaves Cotton Limited, mentioned, “This EV megasite will assist us fulfill the soaring desires of discerning prospects and fleet purchasers in the final mile mobility current market as we extend our capacities to develop a million EVs a year in long term. This Plant will also let us to nurture a hugely skilled workforce and deliver employment for the regional community which includes females who form 70% of our workforce.”

According to Pooja Kulkarni, IAS. MD and CEO, Tamil Nadu Steering Bureau, this new facility is a testimony of the marketplace-govt partnership in positioning the state as the EV funds of India.

“We are delighted to welcome Greaves Electric powered Mobility to this flourishing ecosystem. The skilled workforce from Ranipet and encompassing region will immensely reward by becoming a part of this long term mobility facility. This facility will even more reinforce the ecosystem with a huge pool of complex personnel, potent R&D abilities, ancillary auto parts, and production practical experience,” she additional.

Greaves Electric powered Mobility has a strong retail and immediately after-revenue network with 7000-additionally touchpoints, 12000 affiliate mechanics and a focused on-contact help staff to aid the people to make this changeover efficiently. In Oct the organization bought above 7500 models.