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E-two wheeler boom: Existing ones ramp up, more starts-ups get set to enter

Most manufacturers have seen the demand far outstrip the supplies prompting them to undertake expansion sooner than they had planned

Shally Seth Mohile Shine Jacob Mumbai/Chennai

E-two wheeler boom: Existing ones ramp up, more starts-ups get set to enter

Premium

4 min read Last Updated : Nov 29 2021 | 11:09 PM IST

Skyrocketing fuel prices have come as a blessing in disguise for electric two-wheeler manufacturers, in addition to government subsidies.

Most manufacturers have seen demand outstrip supply, prompting them to undertake expansion sooner than they had planned.

On Monday, Ather Energy said it has commissioned its second plant, given that the current one in Hosur — with an installed capacity to 120,000 units per annum — has reached optimal capacity within 10 months of starting production. The Hero MotoCorp-backed company has seen demand quadrupling in the past seven months.