Greaves Electric Mobility, the e-mobility arm of Greaves Cotton, inaugurated its largest facility to produce electric vehicles in Ranipet, Tamil Nadu. The plant is built over 35 acres of land and 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 company is one of the market leaders in the e2W and e3W segments, and currently enjoys the fastest growing market share in a keenly contested electric mobility segment
Built to preserve the green terrain surrounding the site, the new facility will serve as an electric mobility hub for both domestic and export markets. The plant will have capacity to produce 120,000 units by end of FY22, with plans to gradually ramp it up to 1 million units in near future. Significantly, the facility will be operational with 70% women in the workforce.
Thangam Thenarasu, Minister for Industries, Government of Tamil Nadu said electric mobility is gaining momentum and the government is fully committed to offering every possible support to the automobile industry in the State.
“More factories like of Greaves Electric Mobility will uplift the community and it is absolutely wonderful to see how the company has employed majority of women workers in the plant. To make India the world’s manufacturing hub, we must prioritise upskilling and creating jobs for our female workforce,” the Minister said.
Nagesh A Basavanhalli, MD and Group CEO, Greaves Cotton said the company is focused on building affordable, reliable and dependable e2Ws for commuters across the country, which aligns with its purpose of decarbonising last-mile transportation for a better planet.
“This EV mega site 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,” said Basavanhalli.
Calling Tamil Nadu the EV capital of India, Pooja Kulkarni (IAS), MD and CEO, Guidance Tamil Nadu said the new facility is a testimony of the industry-government partnership and will further strengthen the ecosystem with a wide pool of technical personnel, strong R&D capabilities, ancillary auto components, and manufacturing experience.