> Ampere Electric to set up manufacturing plant in Tamil Nadu
Ampere Electric to set up manufacturing plant in Tamil Nadu
2 min read.Updated: 16 Feb 2021, 06:20 PM IST
Ampere Electric has said that the plant will have an initial capacity to produce one lakh units in its first year of operations with the potential to scale it up to one million units per annum.
Ampere Electric, the electric-mobility arm of Greaves Cotton, on Tuesday, said it will invest ₹700 crore in a phased manner over 10 years to set up a manufacturing plant at Ranipet in Tamil Nadu.
The proposed plant, for which Ampere Electric has signed a memorandum of understanding with the Tamil Nadu government, will be spread in 1.4 million sq feet and is expected to be completed by this year, the company said in a statement.
Once commissioned, it will be one of the largest facilities in the electric mobility space in the country. It will have an initial capacity to produce 1 lakh units in its first year of operations with the potential to scale it up to 1 million units per annum, it said.
With this, Ampere actively participates in Make-in-India and Atmanirbhar Bharat missions in order to accelerate adoption of clean and sustainable solutions in the form of electric vehicles, the company stated.
Roy Kurian, chief operating officer for e-mobility business (2-wheeler and three-wheeler) of Ampere Electric, said, "We have strengthened our leadership position in the e-mobility segment and are getting ready to cater to the growing demand of customers, channel partners, both in B2B (business-to-business) and B2C (business-to-consumer) segments."
He added that the manufacturing facility in Ranipet will help us expand the company's offerings to an ever increasing customer base not just in India but also in other parts of the world.
Currently, the company has over 500 dealerships and an over 75,000 customer base besides over 50 B2B buyers.
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