Ather Energy to set up plant in Tamil Nadu

Ather Energy has signed a memorandum of understanding (MoU) for a 4-lakh sq ft electric vehicle manufacturing facility with the Tamil Nadu Government at the Investment and Skill Development Conclave in Chennai.

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. The built-up factory will be located in Hosur, Tamil Nadu and is supported by the government of Tamil Nadu under its EV Policy, a statement from the company said.

This MoU comes on the heels of a big push for electric two-wheelers by State & Central Governments with an updated FAME policy, GST reduction, and benefits for taxpayers on loans for electric two-wheeler purchase.