Ather Energy commissions second plant to ramp up manufacturing to 400,000 models amid surging e-scooter demand- Technology News, Firstpost

Ather Energy commissions second plant to ramp up manufacturing to 400,000 models amid surging e-scooter demand- Technology News, Firstpost


Witnessing exceptional progress in gross sales over the past 5 months, Ather Energy has in the present day introduced it’s going to arrange a second plant in Hosur, Tamil Nadu, to scale up manufacturing and meet surging demand for the Ather 450 Plus and Ather 450X electrical scooters. The second Ather plant, which will probably be within the neighborhood of the ability that went dwell earlier in 2021, may have a complete annual manufacturing capability of 280,000 electrical scooters, which is able to give Ather Energy a cumulative annual manufacturing capability of 400,000 models – that’s practically 4 instances the start-up’s present manufacturing capability of 120,000 models.

The second Ather plant is predicted to go dwell in 2022, and the corporate says it has dedicated an funding of Rs 650 crore in direction of ‘enhancing operational efficiency and production capacity’. In its assertion, Ather additionally says the brand new facility will concentrate on lithium-ion battery manufacturing. Tech2 has reached out to Ather Energy for particular inputs on the plant itself, and we’ll replace this story when now we have them.

The second Ather plant may have an annual manufacturing capability of 280,000 scooters. Image: Ather Energy

This announcement comes at a time when all electrical two-wheeler producers within the nation are witnessing overwhelming demand for his or her merchandise submit the revision of FAME-II subsidy for electrical two-wheelers and the rollout of state-specific EV subsidies. In its assertion, Ather Energy says gross sales have grown by 20 % each month since November 2020, and that bookings for the 450 Plus and 450X have grown four-fold between April and October this 12 months. In truth, Ather Energy had its finest month but by way of gross sales in October, when it bought near 2,800 models, based on analytics agency JMK Research; a 12-fold improve over its figures in October 2020.

On 17 November, Ather Energy CEO Tarun Mehta had tweeted a picture of the primary Hosur facility, noting how the plant had gone from internet hosting 600-700 scooters to having zero holding stock.

Commenting on the second plant, Mehta mentioned the present facility is already working at full capability within the face of heightened demand, and that subsequent 12 months, Ather will probably be India’s main maker of EVs.

“The EV demand has been shooting up across the country, and customers are coming in expecting electric scooters to wow them. This customer expectation is why our 450 series of electric scooters – the 450X and 450 Plus is seeing massive demand as it is the best electric scooter in the country today. 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”, mentioned Mehta.

Advertisement

Having solely been current in Bengaluru initially, Ather Energy is in the present day current in 23 cities throughout India, and plans to arrange a complete of 150 expertise centres in 100 cities by March 2023. Its Ather Grid fast-charging community includes of over 200 charging factors throughout the nation at current, and Ather is already collaborating with Hero MotoCorp to assist India’s main two-wheeler producer incorporate its fast-charging system into Hero’s upcoming electrical two-wheelers.

Ather is not the one participant speaking about producing electrical two-wheelers at a big scale – Hero Electric has introduced it’s going to ramp up operations to have an annual manufacturing capability of 5 lakh models, whereas Ola Electric has beforehand revealed it’s going to have a capability of ten lakh models in Phase 1 of its Futurefactory setup.

Read all of the Latest News, Trending News, Cricket News, Bollywood News,
India News and Entertainment News right here. Follow us on Facebook, Twitter and Instagram.

!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function()

{n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}

;
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window,document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘259288058299626’);
fbq(‘track’, ‘PageView’);

(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_GB/sdk.js#xfbml=1&version=v2.9&appId=1117108234997285”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_GB/all.js#xfbml=1&version=v2.9&appId=1117108234997285”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));



Source link