Ather Energy in a Negotiations with State Govts to Build Third Manufacturing Plant

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Ather Energy is planning to set up a Manufacturing plant with a capacity of 15 lakh units, so Ather Energy is talking to several state governments like Karnataka, Maharastra, Andhra Pradesh, Gujarat, and Telangana.

As per some resources, the company has already completed 90% of the Negotiations, and they are in the final stage. Therefore they will finalize the location by next month.

Already Ather has 1.2 lakh units per annum plant in Hosur Tamilnadu and sells two EV Scooters 450X and the 450 Plus. So now they are searching for 100 acres of land to build their third facility.

Also Read: Ather Energy will Launch Two New Electric Scooters Soon

Ather Energy

Hero MotoCorp is one of the closest allies for Ather because Hero has been an early investor in Ather Energy since 2016 and has a 35 % of Share in the EV two-wheeler maker.

Ather has sold 3,807 units in the May month this is highest sales by Ather Energy till now. Now they have 38 centers all over India in 32 states. Ather is trying to increase its centers to 150 in all 100 cities by 2023.

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