Hero MotoCorp-backed electric two-wheeler maker Ather Energy on Monday said subsidies and tax rebates under the FAME II policy are extremely important to push for faster adoption of electric vehicles.
Prior to the proposed investment, Hero MotoCorp's shareholding in Ather Energy was 34.8 per cent
Early-stage funding in the segment rose almost three times to $74 million in 2021 compared to the previous year
New outlet called in Pattom, Thiruvananthapuram, provides customer support and overview of company's vehicles.
Gurinder Singh Sukhija joins as head of ownership management; Murali Sashidharan to lead communications and government relations.
Ather Energy inducted Ola former executives Gurinder Singh Sukhija as head of ownership management and Murali Sashidharan as head of communications and government relations
The new experience centre will be the brand's second retail outlet in Gujarat. The expansion is driven by strong consumer demand for the Ather 450X and 450 Plus electric scooters in the State
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
The company is targeting an annual revenue run rate of $3 billion in two years
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Electric scooter maker Ather Energy on Tuesday said it will offer its proprietary fast-charging connector to other EV two-wheeler manufacturers as well for faster adoption of these vehicles. This will pave the way for an interoperable two-wheeler fast charging platform in the country, it said. The move would also help in reducing range anxiety by allowing all scooters to access Ather Energy's over 200 fast chargers. At the same time, it will allow more original equipment manufacturers (OEMs) to build products on a common standard, thereby, lowering infrastructure investments, the company said in a release. Designed by Ather, the connector has a combo AC and DC charging with the same connector. Its size has been designed to be suitable for integration into two-wheelers and three-wheelers with the ability of CAN 2.0 communication with control and proximity pilot, as per the company. Moreover, the proprietary connector has been designed for production at low costs, which allows it to
In 2020-21, total two-wheeler sales in India stood at 15,119,387 units as against 17,416,432 units in 2019-20, down 13.19 per cent
Ather's aggression comes on the heels of Ola Electric's ambitious game of investing Rs 2,400 crore to build a plant to make 10 million two-wheelers a year by 2022.
The firm is bullish over long-term growth prospects of green mobility solutions in the country
Ather has invested Rs 130 crore in the plant so far, and Rs 650 crore since the launch of the company in 2013
By setting up massive capacities in a limited market against entrenched competition, founder Bhavish Aggarwal has his work cut out proving the sceptics wrong
The firm is looking to scale up production
The plant spreads over 400,000 sq. ft and it will manufacture electric scooters along with lithium-ion batteries
The Hero MotoCorp-backed startup currently has presence in 11 locations across the country.