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Ampere Electric plans investment of INR 700 crores for e-mobility manufacturing plant in Ranipet, signs MoU with Government of Tamil Nadu

Two years after its first acquisition in e-mobility, Ampere Electric, the wholly owned electric mobility subsidiary of Greaves Cotton Ltd, announced phased investment potential of INR 700 crore over 10 years to set up a world class e-mobility manufacturing plant in Ranipet, Tamil Nadu.  A Memorandum of Understanding (MoU) to this effect was signed by the Company, with the Government of Tamil Nadu, today.  At over 1.4 million square feet, the proposed Ranipet manu...