HomeAutoAmpere Electric to setup e-mobility manufacturing plant in Tamil Nadu

Ampere Electric to setup e-mobility manufacturing plant in Tamil Nadu

Reader's Pick

Electric Mobility Company Ampere Electric has announced a phased investment potential of Rs 700 crore over 10 years to set up an e-mobility manufacturing plant in Ranipet, Tamil Nadu.

“The company has also signed a Memorandum of Understanding (MoU) with the Tamil Nadu Govt today,” Ampere Electric in its statement said.

“The Ranipet plant will have the potential to start manufacturing 100,000 units in its first year of operation and has a potential to scale to 1 million per unit,” the statement said.

Speaking in the announcement, Nagesh Basavanhalli, Group CEO & MD, Greaves Cotton Limited, said, “This is a historic milestone for Greaves Cotton, as we outline our investment to transform the clean mobility landscape in India. This plant is dedicated to the State of Tamil Nadu and our Nation. This move aligns with our mission of decarbonizing last-mile transportation for a cleaner planet and uninterrupted mobility.”

- Advertisement -

Commenting on the launch of this new facility, Roy Kurian, COO, E-Mobility Business (2W & 3W), Ampere Electric, said, “We have strengthened our leadership position in the e-mobility segment and getting ready to cater to the growing demand of customers, channel partners, both in B2B and B2C segments. The manufacturing the 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.”

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced th...

Budget 2023 Wishlist: Expectations from Bikanervala, CEF Group & Indian Auto LPG Coalition

The upcoming budget for 2023-24 has sparked interest and anticipation among dif...

Union Budget 2023: What Are the Pre-Budget Expectations for the FinTech and Digital Lending Sector?

As the poster child of India’s digital growth story, the FinTech sector is pois...

Budget 2023: “Online Gaming industry hopes for clarity in tax slab,” Says Sai Srinivas, CEO MPL

As India strives towards becoming a $5 trillion economy, the upcoming 2023 Unio...