Ather Energy to set up EV, lithium-ion battery plant in Tamil Nadu

Ather Energy has signed a Memorandum of Understanding with the Tamil Nadu government to set up an electric vehicle and lithium ion battery manufacturing facility in Hosur, which is close to Bengaluru. The new facility will come up in an area of 400,000 sq ft.

Ather Energy has already announced its plans to expand to 30 cities in the next few years and this MoU will help scale up production plans for the same, said the company. The factory will be supported by state government’s recently released EV policy. The project is also expected to get support from state and central governments’ measures including the updated FAME policy, GST reduction, and benefits for taxpayers on loans for electric two-wheeler purchase.