Ather Energy to Open New Manufacturing Factory, Plans Global Debut

 Ather Energy New EV Plant 

Plans Third EV Plant in India  

Ather Energy, India’s third-largest electric scooter manufacturer company now plans to open a new manufacturing plant in India. According to the Media Reports Ather is in talks with the with various state governments to finalize the facility’s location.

Currently, the Company has two EV manufacturing facilities in India. one in Whitefield, Bangalore, and other in Hosur, Tamil Nadu. According to Ravneet Phokela, the Chief Business Officer, the company is in discussions with several state governments to decide where to build the plant, avoiding Tamil Nadu and Hosur, where it already has manufacturing operations. Both facilities will have a combined annual capacity of 420,000 units.

Read More:- Top 5 Longest Range Electric Scooters in India 2023

International Debut Plans 

Apart from this, Ather Energy is Also Plans to make its International debut. Based on the significant demand that has been found in these regions, Ather Energy is getting ready to make its international debut in Southeast Asia, Latin America, and Europe.

Recent Funding

Hero MotoCorp and GIC invested INR 900 crore in the company, which will be utilized to develop new products, enhance charging infrastructure, and extend the retail network.

Company currently operates in 100 locations with approximately 150 experience centers, with ambitions to expand to 130-150 cities and 180 experience centers by the end of the fiscal year.

Ather Energy Market Share 

Ather  is a significant player in India’s electric two-wheeler market, with a market share of 13-15% in a market controlled by Ola Electric, Bajaj, TVS, and Ather. These four firms command 80% of the market.

Read More:- Ather Energy to Launch 2 New Electric Scooter in India

Leave a comment