Bangalore, Karnataka
Ather Energy is in
the process to ramp up production, introduce new products and expand sales
network across the country. The
Bengaluru-based firm, is confident about the long-term growth prospects of
green mobility solutions in the country and plans to increase its production capacity to
five lakh units per annum by the end of next fiscal at its Hosur plant located
in Karnataka. Currently, the plant rolls out 1.1 lakh units per annum.
Ather Energy's co-founder and CEO Tarun Mehta told PTI that the next four to five years is crucial for the company. The company has already committed Rs 1.3 billion to expand its manufacturing facility and over the next 4-5 years, it is looking at roughly around Rs 6.5 billion of total investment at the plant. The brand currently produces two electric scooters - 450X and 450 Plus - at its production facility. The EV company's upcoming scooters will include more variants of the Ather 450 product line over the next year. It is also aiming to create a new product in the scooter segment in the next two years.
Mehta noted that the company will take some time to get into the bike segment. He said that, in the next two years, the focus is going to be on scooters and bikes later. He also said that Ather wants to be present across 50 cities by the end of the current fiscal and will expand its operations to around 100 cities by the end of FY23. Ather is located in 13 cities for now. Recently, the company opened a retail outlet in Lajpat Nagar, Delhi.
, which at present has 142 fast charging points across the country, is also aiming to increase it to about 500 fast charging points by the end of the current financial year.
Source: HT Auto
Image Sources: Google Images
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