Ather Energy Commissions Second Manufacturing Unit In Hosur, To Invest Rs 650 Cr To Increase Capacity

0
184

Apart from the EV manufacturing, the facility will also focus on lithium-ion battery manufacturing, which the company has identified as its key focus area

To the growing demand for its electric scooters, electric two-wheeler company Ather Energy has announced that it has commissioned its second manufacturing facility in Hosur.

To fuel the exponential demand, Ather has outlined an investment of Rs 650 crores in the next five years to enhance operational efficiency and production capacity. The second plant will be ready for 2022.

The company plans to manufacture 400,000 units of its scooters, the 450X and 450 Plus, per annum. Its current production capacity stands at 120,000 units.

Apart from the EV manufacturing, the facility will also focus on lithium-ion battery manufacturing, which the company has identified as its key focus area.

Ather Energy had set up its first manufacturing facility at Hosur earlier this year. With this capacity expansion, Ather is on its way to becoming the country’s largest EV producer by next year, it claimed in a statement.

In October, Ather registered its best-ever monthly sales numbers, registering 12-fold growth over the last year and achieving the revenue run rate of $100 million making it the largest EV maker by value in this segment.

Tarun Mehta, Co-Founder & CEO, Ather Energy said, “The EV demand has been shooting up across the country, and customers are coming in expecting electric scooters to wow them. This customer expectation is why our 450 series of electric scooters – the 450X and 450 Plus is seeing massive demand as it is the best electric scooter in the country today.”

Ather Energy’s experience centres are also scaling up rapidly, and its retail footprint is set to grow by six times in the coming quarters. The company said that it is operating at an optimal capacity just within just ten months of opening its current facility.

LEAVE A REPLY

Please enter your comment!
Please enter your name here