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Greaves Cotton e-mobility arm opens its largest EV hub in Tamil Nadu

News: Greaves Cotton's e-mobility arm has opened its largest EV hub in Tamil Nadu. The e-mobility hub is a part of the Rs.700-crore investment plan announced by the company earlier this year to enhance its market share in the rapidly expanding domestic EV space. It will serve as an e-mobility hub for both domestic and export markets, according to Greaves Electric Mobility. The Ranipet plant will have capacity to produce 120,000 units by end of this fiscal year and gradually ramp up to 1 million units in near future.

Views: E-mobility and new initiatives businesses may provide much needed long term growth uptick amid languishing engine volumes.

Impact: Positive