electric vehicles: Ather Energy to add 100,000 units in capacity to meet demand for electric two-wheelers


NEW DELHI: Bengaluru-based electric scooter producer Ather Energy will fee a brand new manufacturing facility in Hosur, Tamil Nadu with preliminary put in capacity of 100,000 units later this yr to meet demand for electric two-wheelers in the native market.

The firm presently has a single manufacturing unit, with whole put in capacity of 20000-25000 units in Bengaluru.

“We are in the midst of expanding our capacity in a pretty large way. We are looking at a sizeable space of around 400,000 sq feet in Hosur, Tamil Nadu. Operations will start with initial capacity of 100,000 units in the next 6-9 months,” Ather Energy CEO Tarun Mehta informed ET.

Production on the facility in Hosur might be ramped up in a phased method, thereafter, relying on market demand.

The firm – which launched electric scooter Ather 450X in the nationwide capital on Tuesday with upfront value beginning Rs 99,000 – expects to shut subsequent fiscal yr (2020-21) with gross sales of 30,000 units. Mid-term Ather Energy targets rising annual gross sales to 1,000,000 units.

Ather will initially promote the 450X in six cities – Bengaluru, Chennai, Delhi, Mumbai, Hyderabad and Pune. The firm will develop footprint to 4 extra cities, probably Ahmedabad, Kochi, Coimbatore and Kolkata, in the following fiscal yr.





Source link

Leave a Reply

%d bloggers like this: