 "Ampere Electric")
E-mobility firm Ampere Electric, the wholly-owned electric mobility subsidiary of Greaves Cotton Ltd, today announced a phased investment potential of Rs 700 crore over 10 years to set up an e-mobility plant in Tamil Nadu.
A Memorandum of Understanding (MoU) to this effect was signed by the company today with the Government of Tamil Nadu.
Spread over 1.4 million square feet, the proposed plant at Ranipet, near Chennai will be one of the largest e-mobility manufacturing plants in the country.
It will have a manufacturing capacity 100,000 units in its first year of operation, and scalable to one million units a year subsequently.
The
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