Ather Energy to set up second manufacturing facility in Hosur

Ather Energy plans to manufacture 4,00,000 units per annum from its new plant, a jump from its current capacity of 1,20,000 units.

Ather Energy commissioned its second manufacturing facility in Hosur to cater to the growing demand for its electric scooters - the 450X and 450 Plus. The company plans to manufacture 4,00,000 units per annum, a jump from its current capacity of 1,20,000 units. Ather Energy set up its first manufacturing facility at Hosur earlier this year. In October, Ather Energy registered its best-ever monthly sales numbers, registering 12-fold growth over last year and achieving a revenue run rate of $100 million, making it the largest EV maker by value in this segment.

Tarun Mehta, Co-Founder & CEO, Ather Energy said, “Our experience centres are scaling up rapidly, and our retail footprint is set to grow by six times in the coming quarters. So, within just ten months of opening our current facility, we find ourselves already operating at full capacity. We are commissioning the second plant to be ready for 2022. With this capacity expansion, Ather is well on its way to becoming the country's largest EV producer by next year.”