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Greaves Electric opens facility in Ranipet, TN, to produce up to 1 million EVs a year, Auto News, ET Auto

The Ranipet plant will have the capability to deliver one hundred twenty,000 models by the conclusion of this fiscal calendar year, the company mentioned.

New Delhi: Greaves Electric Mobility, the E-Mobility arm of Greaves Cotton Minimal and one of the market leaders in the E-2W and E-3W segments, on Tuesday inaugurated its premier EV generation facility in Ranipet, Tamil Nadu. The plant on 35 acres is designed to maintain the environmentally friendly surroundings in an industrial centre of Tamil Nadu. It will serve as an electrical mobility hub for equally the domestic and the export markets, the company mentioned in a launch.

The Plant is aspect of the INR seven-hundred-crore financial commitment roadmap introduced by the company to extend its expanding share in the Indian electrical automobile market. The new producing plant is also in
accordance with the flagship initiatives of the Government this sort of as Make in India and Atmanirbhar Bharat to advertise indigenous capabilities in producing, the company mentioned.

The Ranipet plant will have the capability to deliver one hundred twenty,000 models by the conclusion of this fiscal calendar year. It can be gradually ramped up to 1 million models in the around long term. The facility will be operational with 70% women in the workforce.

Nagesh A Basavanhalli, MD and Team CEO, Greaves Cotton Minimal, mentioned, “This EV megasite will enable us satisfy the mounting needs of discerning buyers and fleet purchasers in the previous mile mobility market as we extend our capacities to deliver a million EVs a calendar year in long term. This Plant will also allow us to nurture a really skilled workforce and produce employment for the nearby group which includes women who kind 70% of our workforce.”

In accordance to Pooja Kulkarni, IAS. MD and CEO, Tamil Nadu Steerage Bureau, this new facility is a testimony of the sector-governing administration partnership in positioning the state as the EV funds of India.

“We are delighted to welcome Greaves Electric Mobility to this flourishing ecosystem. The skilled workforce from Ranipet and bordering area will immensely gain by becoming a aspect of this long term mobility facility. This facility will even further bolster the ecosystem with a huge pool of technological staff, robust R&D capabilities, ancillary automobile components, and producing expertise,” she included.

Greaves Electric Mobility has a robust retail and right after-product sales network with 7000-as well as touchpoints, 12000 associate mechanics and a focused on-simply call help group to aid the consumers to make this changeover easily. In October the company bought around 7500 models.