Ather Energy Invested Over Rs 2000 Crore For its Maharashtra Plant

The Bangalore-based automobile manufacturer and Hero-owned company, Ather Energy, has invested over Rs 2000 crore to set up its third manufacturing plant in Maharashtra. The company has aimed to roll out up to 10 lakh units of battery packs and electric two-wheelers from this new manufacturing plant. 

(Image Source: Team BHP)

Ather will establish this new manufacturing plant in Aurangabad Industrial City (AURIC), which is expected to generate around 4000 jobs. Additionally, the company states that this strategically located plant will bring down the logistic costs, thereby improving the delivery timelines. Another benefit will be the increase in production capacity, which currently stands at 4.20 lakh units annually. 

The India-based electric mobility manufacturer, currently, has two separate manufacturing facilities within Hosur in Tamil Nadu. One plant is dedicated to battery packs, while the other plant produces Ather scooters.  

Swapnil Jain, Co-Founder of Ather Energy, stated via X (formerly Twitter), “We are excited about our investments in Maharashtra. With our expanding product portfolio and the increasing consumer demand for our products, we decided to strategically diversify our production capabilities to an additional location that will be closer to more markets in the country. We are thankful to the Maharashtra government and its policies that foster EV manufacturing and growth.”

Recently Launched

Ather Energy recently added its new offering to its portfolio in April 2024, the Rizta, which carries a price tag of Rs 1.10 lakh (ex-showroom). The first unit of the Ather Rizta was rolled out from the Hosur plant in Tamil Nadu in June 2024. 

This homegrown electric two-wheeler is available in two variants: S (2.9kWh battery) and Z (2.9kWh/3.7kWh). Both variants with a 2.9kWh battery pack will offer a claimed range of 123 kilometres, while the 3.7kWh battery pack has a claimed range of 160 kilometres. 

The former version costs Rs 1.10 lakh, while the latter ranges between Rs 1.25 and Rs 1.45 lakh, depending on the variant. All are ex-showroom figures, as of June 2024.