Ather Energy, an electric scooter manufacturer, is setting up a new factory in Hosur industrial town in Tamil Nadu to manufacture electric vehicles.
The company has signed an MoU for a 400,000 sq ft electric vehicle manufacturing facility with the Tamil Nadu government at the Investment and Skill Development Conclave in Chennai.
The facility will not only cater to the EV manufacturing demand but also for Ather’s lithium ion battery manufacturing which is a key area of focus for the company in the future. More than 4000 employees will be trained in the EV sector as a part of this initiative in the next 5 years.
Tarun Mehta, Chief Executive Officer, Ather Energy, said, A manufacturing facility at Hosur is an ideal choice considering that, it is close to our R&D facilities in Bengaluru and most of the existing and potential future supply base is operating in the region. The availability of a built-up option of our desired scale and proximity helped in the decision making.”
Ather has also been investing in setting up fast-charging infrastructure in Bengaluru & Chennai. Currently, Chennai has ten fast charging points and more will be added in the coming months. Post the success in the two cities, Ather is gearing up to launch in Hyderabad, Pune, Delhi and Mumbai in the coming year.