Greaves Electric Mobility inaugurated its largest EV production facility in Ranipet, Tamil Nadu. The 35-acre plant built to preserve the green terrain surrounding the site is located in the Industrial Centre of Tamil Nadu and will serve as an electric mobility hub for both domestic and export markets.
The Plant 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 new manufacturing plant is also in accordance with flagship initiatives of the Government such as Make in India and Atmanirbhar Bharat to promote indigenous capabilities in manufacturing.
The Ranipet Plant will have capacity to produce 120,000 units by end of this fiscal year and gradually ramp up to 1 million units in near future. The facility will be operational with 70% women in the workforce.
Thangam Thenarasu, Hon’ble Minister for Industries, Government of Tamil Nadu, said, “Electric Mobility is gaining momentum and we are fully committed to offering every possible support to the automobile industry here. More factories like of Greaves Electric Mobility will uplift the community and it is absolutely wonderful to see how the company has employed the 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.”
On the occasion, Nagesh A Basavanhalli, MD and Group CEO Greaves Cotton Limited said, “We are focused on building affordable, reliable and dependable electric two-wheelers for commuters across the country, which aligns with our purpose of decarbonizing last-mile transportation for a better planet. This EV megasite 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.”
This is worth mentioning that the EV plant is not green as the company has not mentioned if it will us renewable energy sources to meet the daily requirement.