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Ather Energy to invest Rs 2,000 crore to set up third plant in Maharashtra

Manufacturing  -  Jul 01,2024  - 

Electric two-wheeler maker Ather Energy announced plans to establish its third manufacturing facility in Maharashtra, with an investment exceeding Rs 2,000 crore, according to state Deputy Chief Minister Devendra Fadnavis.

The new facility, located at Bidkin within Aurangabad Industrial City (AURIC), will produce electric two-wheelers as well as battery packs, as stated by Ather Energy in a press release.

“It is a more than ₹2,000 crore investment, generating employment of around 4,000,” Fadnavis said in a post on social media platform X.

“This state-of-the-art plant will annually produce up to 1 million units of vehicles and battery packs both,” he added.

Ather Energy operates two manufacturing facilities in Hosur, Tamil Nadu, with one dedicated to battery production and the other to vehicle assembly. These facilities will continue to manufacture battery packs and vehicles, with annual capacities of 430,000 battery packs and 420,000 vehicles respectively.

 

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