CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
Ather Energy to invest Rs 2,000 crore to set up third plant in Maharashtra
Automotive Industries - 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.
Recent News
◉ SWELECT Energy secures over 150 MW of solar module - Mar 13,2025◉ RVNL emerges as lowest bidder for Rs 554.64 crore road contract - Mar 13,2025
◉ MoU inked for developing Multi-Modal Logistics Park in Varanasi - Mar 13,2025
◉ Danfoss India to invest Rs 1,200 crore by 2028 - Mar 13,2025
◉ SJVN to develop Rs 9,500 crore pumped storage project - Mar 13,2025
◉ JNPA signs concession agreement for Rs 285-crore agri-processing facility - Mar 13,2025
◉ Montra Electric opens e-SCV manufacturing plant in Chennai - Mar 13,2025