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30 Nov 2021 9:25 AM, Tidings Rinkesh Shah

Ather Energy to set up second factory

Expands overall capacity to 400,000 units

Pawan Munjal backed start-up Ather Energy is investing in a second manufacturing facility in the country which will take its overall capacity from 120,000 to 400,000 units. The company’s second factory will also come up in the same location-Hosur, as its first which went on stream earlier this year. Apart from the EV manufacturing, the Hosur facility will also focus on lithium-ion battery manufacturing. It has plans to strengthen its retail operations as well by expanding to new markets-around 150 Experience Centers in 100 cities by March 2023.

1. https://auto.economictimes.indiatimes.com/news/two-wheelers/olas-arch-rival-ather-energy-to-set-up-second-factory-expands-overall-capacity-to-400000-units/87981176