Page 5 - Ather Energy

In push to widen EV reach, Ola's Aggarwal wants incentives to go on

The government's support to the EV industry has been through direct subsidy on the price of the vehicle through FAME, PLI and now the EMPS scheme aggregating to over Rs 59,000 crore

Govt policy support shows commitment to 100% electrification: Ather Energy

Indian electric two-wheeler industry is on an 'amazing transformation' and policy support is a crucial signal to all stakeholders that the government stays committed to a 100 per cent electric vision, Ather Energy Co-founder & CEO Tarun Mehta said on Wednesday. In a post on social media platform X, he said from a growth perspective the country's E2W industry holds immense potential and argued that while "naysayers in the industry will keep nitpicking on new tech, but there's perhaps no single lever more powerful than 100 per cent electrification to reduce fossil fuel dependence and emissions reduction". "I firmly believe that we are on to an amazing transformation in our industry and will build an enormous global behemoth out of India in E2Ws (electric two-wheelers). However, there's still a lot to solve for," Mehta wrote in response to an article by India's G20 Sherpa Amitabh Kant who highlighted the need for electrification of transportation in India. Mehta further said, "While .

Shifting gears: Ather Energy plans new facility in Maharashtra's Bidkin

The company aims to diversify manufacturing base to enhance proximity to key markets across India and streamline operational costs

Indian e-two wheelers better than other nations: Ather Energy co-founder

Indian electric two-wheelers are better than any electric two-wheeler in the world and the country can outpace their global counterparts in terms of design and technology, said Ather Energy co-founder Swapnil Jain on Saturday. Speaking at the 'Meet Rizta' event in Nagpur, which saw the attendance of Union Minister of Road Transport & Highways Nitin Gadkari, Jain highlighted the strides made by Indian manufacturers and stressed the country has a unique opportunity to become a technology exporter. During the event, Ather showcased its latest family scooter, Rizta, and the innovative Halo helmet to an audience of community members and electric vehicle enthusiasts. Addressing journalists, Jain emphasised the government's supportive role, despite a reduction in subsidies. "Even with decreased subsidies, we are thriving thanks to the 'Made in India' initiative," he stated. Indian electric two-wheeler is better than any electric two-wheeler in the world, he said, adding that the country

Ather plugs into Maharashtra to roll out 1 million e2Ws every year

To bet Rs 1K cr on Aurangabad plant; capacity will hit 1.42 mn

Hero MotoCorp to acquire additional 2.2% stake in Ather for Rs 124 cr

Hero MotoCorp on Thursday said it will acquire an additional 2.2 per cent stake in Ather Energy for Rs 124 crore. Investment is being made in the form of purchase of additional shares from an existing shareholder of Ather Energy for acquisition of up to 2.2 per cent, Hero MotoCorp said in a regulatory filing. The acquisition entails an investment of up to Rs 124 crore and is expected to be completed by July 31, 2024, it added. Hero MotoCorp currently holds a 39.7 per cent stake in Ather Energy. Bengaluru-based Ather Energy is engaged in designing, manufacturing, producing, selling, servicing, software development, and software management, in relation to electric automobiles and charging infrastructure. The company is also engaged in storage, distribution, and management systems of electric power (including energy in the form of batteries) and other ancillary services. Ather Energy posted Rs 1,753.8 crore revenue in FY24.

India must keep e-scooter subsidies to boost adoption, says Ather CEO

India's e-scooter market is small but growing, accounting for 5% of total two-wheeler sales in fiscal 2023-2024

Ather Energy all set to expand its presence in the family scooter segment

The size of the family scooter market is around 4.5-5 million units. We marked our presence in the segment through Ather 450 and now the ambition is to be a strong complete player, said an official

Ather Energy picks HSBC, JPMorgan, Nomura, Indian banks to arrange its IPO

Tarun Mehta and Swapnil Jain founded Ather in 2013 after graduating from the Indian Institute of Technology Madras

Ather hiring investment banks for IPO this year, eyes raising Rs 3,300 cr

Ather competes with players such as Ola Electric, Bajaj, Ampere, Hero MotoCorp, and TVS Motor Company. It has been making efforts to achieve profitability as it prepares for the IPO

Discounts fail to fire up electric 2-wheeler sales in January, shows data

Industry unlikely to meet FY24 target of 1 million registrations

Ather Energy announces its new family-oriented electric scooter 'Rizta'

Despite the shift towards a family-centric approach, Mehta assured customers that the Rizta will uphold the quality and reliability synonymous with the Ather brand

Subsidy withdrawal on EVs may lead to stagnated growth: Ather Energy CEO

Withdrawal of government's incentive on sale of electric two-wheelers in April would prompt industry players to work hard and this could result into one or two more years of stagnated growth, Ather Energy's CEO and co-founder Tarun Mehta said on Friday. "The industry is no longer entirely dependent on subsidies for survival but an early discontinuation of the subsidy in April would prompt industry players to tighten their belts and work hard. "Despite this resilience, such a scenario would still result in one or two more years of stagnated growth, pushing the industry further away from its targets," the CEO of the electric two-wheeler firm said in a statement. The central government provides incentives on the sale of two-wheelers, three-wheelers, and four-wheelers under the FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme, which is ending in March this year. In June last year, the central government has already reduced the subsidy amount on electric .

Electric 2W manufacturer Ather Energy to launch family scooter 'Diesel'

The Ola rival's new scooter is slated to be unveiled in mid-2024

Hero MotoCorp stake in electric scooter firm Ather Energy capped at 40%

Nikhil Kamath, founder of online stock trading platform Zerodha, who has also taken a stake in Ather, is believed to be willing to bet more in the company. But existing investors are not selling right

Ola Electric consolidates electric two wheeler leadership with market gain

India's overall electric two-wheeler market in 2023 fell short of the one million mark

Ather Energy could launch IPO by FY25 end, earlier than initially planned

Launch of a family scooter and expansion of dealership network to help it increase market share

Hero MotoCorp raises stake in Ather Energy, to buy shares worth Rs 140 cr

Ather, the manufacturer of electric two-wheelers, is also aiming to list on the Indian stock market

Hero MotoCorp, Ather Energy partner on interoperable EV charging stations

The network of charging stations will be available to be located through the applications 'My VIDA' and the Ather App

Ola Electric clocks highest registration of 30,000 scooters in Nov

Company says it leads market with 35%, expects to continue its position