Ather Energy’s 3rd plant will take its production capacity to 15 Lakh two-wheelers per year. Five states are presently in talks with the company..
So, Hero MotoCorp-backed Ather Energy is planning to add a 3rd manufacturing facility to ramp up production of their e-scooter to meet the increasing demand.
According to a news portal, Ather Energy is in conversation with several state governments to establish a new manufacturing unit. According to the sources, states Andhra Pradesh, Maharashtra, Gujarat, Telangana & Karnataka are in talks with the EV manufacturer.
Last month, Ather Energy raised $ 128 Million ( nearly Rs. 992 Crore) from National Investment & Infrastructure Fund Ltd’s (NIIFL) Strategic Opportunities Fund (SOF) and Hero MotoCorp along with some other investors.
The company shared that they will be utilising this funding to expand manufacturing facilities, increase investment in R&D, improve & grow charging infrastructure along with retail network.
Furthermore, the sources have shared that Ather is looking to establish a new manufacturing facility with an annual capacity of 15,00,000 units per year. They are eyeing somewhere around 100 acres of land to setup their new facility which will be utilised to produce their current electric scooter offerings – 450X & 450 Plus.
The sources also shared that the company is in the final stages of negotiations and is likely to finalise the new location by next month. When contacted by the portal, the company’s spokesperson declined to comment on this matter.
Currently, Ather Energy is utilising their manufacturing plant at Hosur, Tamil Nadu, which presently has an output of 1.2 Lakh scooters per year. Ather is adding another unit at the same location which is expected to increase the output to nearly 4 Lakh scooters per year, when it is activated later in the year.
In related news, Ather have introduced their proprietary Tyre Pressure Monitoring System (TPMS) as an accessory to present and future customers. You can read all about it here.