Ather Energy Commissioned Its Second Facility In Hosur, In A Year

Arijit Dutta
Arijit Dutta
Est. Reading Time 2 mins

Highlights

  • Second scooter plant in Tamil Nadu's Hosur

  • Plans to manufacture 4,00,000 units per annum

  • Expected to become operational by the end of 2022

On Monday, electric automaker Ather Energy commissioned its second scooter plant in Tamil Nadu's Hosur, slated to be ready by 2022. Earlier this year, Ather had set up its first plant in Hosur, which currently operates with a production capacity of 1,20,000 units per annum.

With the commencement of the new plant, Ather anticipates manufacturing 4,00,000 units a year, up from 120,000 units now. The new plant is expected to become operational by the end of 2022.

Tarun Mehta, co-founder and chief executive of Ather Energy, said that "demand for electric vehicles is soaring across the country, and customers are coming in expecting electric scooters to wow them."

"Our retail footprint is set to expand by six times in the following quarters. Within 10 months of inaugurating our current plant, we are running at full capacity," he further added.

Ather contributes a non-removable battery pack on both its scooters. The company imports the cells for its batteries and assembles its own battery packs.

Currently, India does not have any cell manufacturing facilities. The country's first cell manufacturing plant, set up by Amperex Technology Ltd in Gurugram, Haryana, is assumed to become operational by September 2022, Nitin Gupta, CEO of recycling firm Attero Recycling stated Techcircle last week.

Also Read: Slight Headlamp Upgrade for The Feature-rich Apache RTR 200 4V.

The Indian government has extended the production-linked incentive (PLI) scheme to advanced chemistry cell (ACC) battery manufacturing in the country. In September, Exide Industries Ltd said it intends to explore ACC manufacturing through the PLI scheme in the country.

Ather Energy affirmed that in October, it marked its highest monthly sales, manifesting a 12-fold extension over last year and attaining a revenue run rate of $100 million, earning it the largest EV maker tag by value in this segment.

The new plant will also converge on lithium-ion battery production. Ather Energy alleges it is the only EV original gear manufacturer in India to make its battery packs and has listed 13 patents on the composition and production of the li-ion batteries.

Ather Energy was founded in 2013 by IIT Madras alumni Tarun Mehta and Swapnil Jain. It is supported by Hero Motocorp, Tiger Global and Sachin Bansal, and Binny Bansal, founder of e-commerce giant Flipkart. According to reports, the company is also eyeing an initial public offering (IPO) within the next 24 months.

The company rolled out the Ather 450 back in 2018, followed by the flagship Ather 450X in 2020. It has set up a mesh of over 200 public charging points across the nation till date.

Arijit Dutta

Between going to pre-school and setting off for work every morning, my fascination for automobiles never ceased. Nothing excites me more than the sound of tyres screeching and engines revving.

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