EV scooter-maker Ather Energy looks to treble capacity by end of next fiscal
Electric scooter-maker Ather Energy, backed by HeroMoto Corp and Sachin and Binny Bansal, will treble its annual capacity to around 3 lakh units by the end of FY23 if the current demand trend continues, a top company official said.
The Hosur, Tamil Nadu based EV-maker currently has an installed capacity of a little over 1 lakh annually (9,200 units per month) but rolls out a much lower number. It has just one model, the Ather 450X, priced at Rs 1.5 lakh, which is nearly double the price of a petrol scooter.
