Ather Energy yesterday said it had signed a memorandum of understanding (MoU) with the government of Tamil Nadu for a 400,000 sq feet electric vehicle production center at the Investment and Skill Development Conclave in Chennai. The plant will be found in Hosur. Ather’s existing center in Bengaluru has a production capacity of about 35,000 systems.
Ather said it would develop “Li-Ion batteries and Electric Vehicles” at the brand-new website but did not elaborate. Ravneet Phokela, Chief Business Officer at Ather Energy has said in an interview last month that a motorcycle is on the list of to-do products for the business and one might anticipate it in 3 to four years. This design is most likely to made at the new plant to challenge offerings from Revolt, Ultraviolette, Orxa, Tork and Royal Enfield.
Prior to the motorcycle, Ather will develop a 2nd smaller sized scooter that will slot listed below the Ather 450 (priced at INR 1.14 lakh in Bengaluru) to challenge the Bajaj Chetak. The new model is in advancement and will present within 18 months with a series of about 75 km for a charge. The business is thought to have an ambitious volume target for the economy electric scooter and would need the additional capacity to satisfy predicted need as it would be priced closer to the Honda Activa and TVS Jupiter, India’s largest offering scooters.
Ather is seeking to broaden sales to 30 cities in the coming years. Currently it sells the 450 only in Bengaluru and Chennai. Cities like Mumbai, Hyderabad, Pune and Delhi are likely to be the next local markets which will either get brand name experience stores or car dealerships along with a fast-charging network. The business is stated to be working to install a charging station every 2 km in the cities that it sells cars to.
We signed an MoU with the Tamil Nadu government to open a brand-new production facility in Hosur, TN. At over 10 x the size of our current factory, the 400,000 sq. ft. center will make Li-ion Batteries and Electric Vehicles.
We ' re all set to zoom into the future! pic.twitter.com/ezvLS8r3aq
— Ather Energy (@atherenergy) December 2, 2019
Image of Arc Vehicles’ Vector utilized as display image for representation.