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Ather Power to arrange 2nd manufacturing facility, targets 400K models

Bengaluru: EV producer Ather Power on Monday introduced it has commissioned second manufacturing facility in Hosur, Tamil Nadu, to cater to the rising demand of its electrical scooters within the nation.

The corporate goals to fabricate 400,000 models every year of its 450X and 450 Plus e-scooters — a big leap from its present capability of 120,000 models. Aside from the EV manufacturing, the power will even deal with lithium-ion battery manufacturing.

Ather Power had arrange its first manufacturing facility at Hosur earlier this yr.

“Inside simply 10 months of opening our present facility, we discover ourselves already working at full capability. We’re commissioning the second plant to be prepared for 2022. With this capability growth, Ather is properly on its strategy to turning into the nation’s largest EV producer by subsequent yr,” stated Tarun Mehta, Co-Founder and CEO, Ather Power.

In October, Ather Power reported 12-fold progress over final yr with a income run fee of $100 million.

The EV maker stated it has been registering 20 per cent month-on-month gross sales progress since November final yr.

The Hosur manufacturing facility permits 90 per cent of the manufacturing of 450X and 450 Plus e-scooters, together with the battery pack, which is made in-house.

The corporate has dedicated to speculate Rs 650 crore within the subsequent 5 years to reinforce operational effectivity and manufacturing capability to fulfill the exponential surge in demand.

Ather Power stated it additionally plans to broaden to round 150 expertise centres in 100 cities by March 2023.

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Written by VK Team

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