Ather Energy commissions second plant, to invest Rs 650 cr in 5 years

The firm sees 4x growth in bookings in the first seven months of the fiscal, claims to be the largest e-2 wheeler maker by value

Ather Energy has commissioned its second manufacturing facility in Hosur to cater to the growing demand of its electric scooters, the 450X and 450 Plus, the company said in a statement.  The company plans to manufacture 400,000 units per annum, a significant jump from its current capacity of 120,000 units. Ather Energy had set up its first manufacturing facility at Hosur earlier this year. With this capacity expansion, Ather is on its way to becoming the country's largest EV producer by next year, it claimed in a statement.

To fuel the exponential demand, Ather has outlined an investment of Rs650