Ather Energy to set up 3rd manufacturing plant in Maharashtra
The Bengaluru-based electric vehicle (EV) startup currently has two manufacturing facilities in Hosur, Tamil Nadu.
The Bengaluru-based electric vehicle (EV) startup currently has two manufacturing facilities in Hosur, Tamil Nadu.
Ather Energy, India’s fourth largest electric scooter maker, clocked 6,045 vehicle registrations in May, up 47% compared with 4,117 over the previous month.
The electric two-wheeler startup stumbled upon operational challenges while testing out some prototypes.
Hero MotorCorp-backed EV maker plans to launch a family scooter next year.
Prior to the proposed investment, Hero MotoCorp's shareholding in Ather stood at 33.1%.