Ampere Electric, the electric vehicle manufacturer, is going to open an e-mobility manufacturing plant in Ranipet. The company has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government, proposing to invest Rs 700 crore over 10 years at the manufacturing unit.
The company which was acquired by Greaves Cotton two years ago has its proposed plant spread across more than 1.4 million sq.ft. It will be one of the largest state-of-the-art e-mobility manufacturing plants in the country, when commissioned.
The press statement said that Ampere Electric’s Ranipet plant will have the capacity to manufacture one lakh units in its first year of operation and the potential to scale up to one million units in a year. This facility is expected to be operational in 2021.
Nagesh Basavanhalli, Group CEO and MD of Greaves Cotton, said, “This is a historic milestone for Greaves Cotton as we outline our investment to transform the clean mobility landscape in India.” The move aligns with our mission of decarbonising last mile transportation for a cleaner planet and uninterrupted mobility.
Roy Kurian, COO of E-Mobility Business (two and three-wheelers), Ampere Electric, said in the release, “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.”