Ather Energy to invest over Rs 2000 crore in manufacturing facility in Maharashtra

Ather currently has two manufacturing facilities in Tamil Nadu, one dedicated to battery production and the other for vehicle assembly.

Autocar Pro News Desk By Autocar Pro News Desk calendar 26 Jun 2024 Views icon18963 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Ather Energy to invest over Rs 2000 crore in manufacturing facility in Maharashtra

Ather Energy announced plans on Wednesday to set up its third manufacturing facility in Bidkin, Maharashtra. This new facility will manufacture both electric two-wheelers and battery packs.

Ather currently has two manufacturing facilities in Tamil Nadu, one dedicated to battery production and the other for vehicle assembly. The current facilities will continue to produce battery packs and vehicles. The new facility in Maharashtra allows Ather to get closer to more markets in the country by reducing its logistics cost and hastening the delivery of its finished products to its customers.

Devendra Fadnavis, Deputy Chief Minister, Maharashtra, said, "Maharashtra offers a conducive business environment and continues to be a top destination for investments. We are happy to have Ather in Maharashtra, solidifying the state’s position as India’s leading automotive and manufacturing hub.”

He took to social media platform X to say that it is more than Rs 2000 crore investment and will generate employment for around 4000 people. 

Swapnil Jain, Co-founder and CTO at Ather Energy, said, "Since 2021, our facilities in Hosur have been serving as our national manufacturing hub, catering to the demand across the country. With the support of the Tamil Nadu government and a strong supplier base, the existing facilities remain crucial for Ather. With our expanding product portfolio and the increasing consumer demand for our scooters, we decided to strategically diversify our production capabilities to an additional location that will be closer to more markets in the country." 

The new manufacturing facility will not only rationalise our logistic cost but will also hasten the delivery of finished products to our customers. We are thankful to the Maharashtra government and its policies that foster EV manufacturing and growth.”

As the demand for electric two-wheelers is increasing, Ather Energy has been focusing on increasing its production capacity, expanding its product portfolio, retail outlets, and charging infrastructure across the country. Ather currently has over 200 Experience Centres and over 1900 fast chargers, Ather Grids across India.
 

Tags: Ather Energy
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