TN on radar for electric mobility cos

Chennai: Tamil Nadu is on the radar for electric vehicle manufacturers who are looking to expand capacity and scale up with tax concessions rolling their way. Among the companies that have evinced immediate or long term interest are the likes of electric two wheeler company Ampere, now a subsidiary of Greaves Cotton, e-two wheeler major Okinawa and swappable battery and charging infrastructure company SUN Mobility.
“We are talking to several electric vehicle manufacturers for investment including Ampere,” said N Muruganandam, principal secretary, government of Tamil Nadu.
Ampere is planning to invest around Rs 400 crore for a 2,50,000 unit expansion in electric wheeler production capacity. The company’s current capacity is around 50,000 units per annum. Ampere will finalise the decision on the investment depending on the incentive package on offer by the government. “We remain committed to invest at the right opportunity and grow the business. At this juncture we are in silent period,” said a Greaves Cotton spokesman.