Greaves Cotton's e-mobility arm Greaves Electric Mobility has announced the opening of its largest electric vehicle production facility at Ranipet in Tamil Nadu.

The facility was inaugurated by Chief Minister of Tamil Nadu M K Stalin and the Minister for Industries, Thangam Thenarasu.

Spread in 35 acre, the plant is located in the industrial centre of Tamil Nadu and will serve as an e-mobility hub for both domestic and export markets, the company said.

The facility is a part of the Rs 700 crore investment plan announced by the company earlier in 2021 to enhance its market share further in the rapidly expanding domestic EV space. In November 2021, the company sold over 7,500 units.

The manufacturing facility with additional assembly lines will produce one million vehicles a year.

This plant will also allow the company to nurture a highly skilled workforce and generate employment for the local community including women who form 70 percent of the plant's workforce.

The new manufacturing plant is also in accordance with the Central government's flagship initiatives such as Make-in-India and Atmanirbhar Bharat to promote indigenous capabilities in manufacturing.