Spread over 35 acres, the plant is located in the industrial hub of Tamil Nadu and will serve as an electric mobility hub for domestic and overseas markets, the company said.
The facility is part of the Rs 700 crore investment plan announced by the company earlier this year to further increase its market share in the growing national electric vehicle space, he added. Last month, the company sold more than 7,500 units.
The manufacturing plant with additional assembly lines will produce 1 million vehicles per year, the company said.
âThrough Greaves Electric Mobility, we are solving the real mobility challenges of Common Indians. Therefore, it is no surprise that our electric mobility business grew over 48% from first half of FY21 to first half of FY22 “, Nagesh Basavanhalli, Group Managing Director and CEO, Greaves Cotton told PTI.
âIt is interesting to note that 40% of our sales are made through referrals, which indicates strong word of mouth sponsorship from the brand. It’s the strength of our brand that allows us to aim big in the electric mobility space as we move forward. creating technically sound and comfortable to drive 2W electrics on a scale that puts us at the forefront of India’s electric vehicle revolution, âsaid Basavanhalli.
He added that âthis electric vehicle mega site will help us meet the growing needs of demanding customers and fleet buyers in the last mile mobility market as we expand our capabilities to produce one million electric vehicles per year. in the future “.
This factory will also allow the company to train a highly skilled workforce and create jobs for the local community, including women who make up 70 percent of the factory’s workforce, a- he added.
The new manufacturing plant is also in line with flagship central government initiatives such as “Make-in-India” and “Atmanirbhar Bharat” aimed at promoting local manufacturing capabilities, the company said.
âTamil Nadu has now become the destination of choice for manufacturers of electric vehicles. With a multitude of companies in the electric vehicle supply chain located here and setting up their operations, the state has become the electric vehicle capital of India, âsaid Pooja Kulkarni, MD and CEO, Guidance Tamil Nadu, which is the state’s nodal agency for the facilitation of one-stop-shop investment promotion.
In addition, this facility will further strengthen the ecosystem with a large pool of technical personnel, strong R&D capabilities, auxiliary automotive components and manufacturing experience, she said, adding, âWe are inviting more companies. as Greaves to be part of this mission to transform the transport and connectivity infrastructure in the country.
Greaves Electric Mobility has a strong retail and aftermarket network with more than 7,000 points of contact, the statement said.