Greaves Electric Mobility Plans In-House Battery Assembly Line

Key Highlights:

• Greaves Electric Mobility plans to set up an in-house battery pack assembly line at its Ranipet plant in Tamil Nadu by FY 2027.
• The company currently sources battery packs externally, which make up 35-40% of the manufacturing costs for its electric vehicles.
• The new assembly line will have an annual capacity of 400,000 units and is expected to start production in July 2026.
• Greaves Electric aims to raise Rs 1,000 crore through an IPO, with Rs 82.9 crore allocated for the battery assembly line.
• The company plans to shift its electric two-wheelers to LFP batteries and explore new technologies to improve battery performance and reduce costs.

Greaves Electric Mobility, known for its electric two and three-wheelers, has announced plans to set up an in-house battery pack assembly line at its Ranipet plant in Tamil Nadu by fiscal year 2027. This move is part of the company’s strategy to improve cost efficiency and supply chain reliability.

Shift Towards In-House Battery Production

The new assembly line at the Ranipet facility will have an annual capacity of 400,000 units and is expected to be commissioned in May 2026, with commercial production beginning in July 2026. The company has allocated Rs 82.9 crore from its proposed Rs 1,000 crore IPO to establish this capability.

Currently, Greaves Electric sources its battery packs from external suppliers, with the battery accounting for a significant portion of manufacturing costs—35-40% for two-wheelers and 54% for electric three-wheelers. The company aims to reduce costs by producing its own batteries, which make up over 25% of its total expenses.

Focus on Advanced Battery Technologies

Greaves Electric is also shifting its electric two-wheelers to LFP (Lithium Iron Phosphate) batteries, known for their higher thermal resistance and longer life. The company is investing in developing battery packs with alternative technologies to cut costs, reduce charging time, and improve efficiency.

Expansion and Future Plans

The company is also exploring new suppliers for battery cells in South-East Asia, China, and India, though no definitive supply agreements have been made yet. In addition to the battery assembly line, Greaves Electric plans to use Rs 375.3 crore of the IPO proceeds for product and technology development, as well as enhancing its technology center in Bengaluru. 

The Ranipet plant, one of Greaves Electric’s three manufacturing facilities, currently produces Ampere electric two-wheelers with an annual capacity of 4.80 lakh units.

About Greaves Electric Mobility 

Greaves Electric Mobility has spent 16 years in designing and manufacturing electric vehicles, focusing on creating affordable and sustainable solutions to advance the nation. With a user community of over 3 lakh, the company is committed to delivering clean, reliable, and intelligent transportation options. 

Its mission goes beyond vehicles, extending to a complete ecosystem that includes showrooms, spares, support, and financing, all aimed at improving last-mile mobility. Through constant innovation, Greaves Electric is dedicated to making smart, cleaner transportation accessible to everyone, contributing to a greener planet.

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CMV360 Says

Greaves Electric's decision to make its own battery packs is a good move. Since batteries are a big part of the cost, making them in-house could help save money and keep prices competitive. Their focus on better battery technology, like LFP batteries, shows they are thinking ahead and trying to improve their products. If this plan works out, it could help Greaves Electric grow and become more independent in the future.