{"id":507420,"date":"2022-07-21T10:17:11","date_gmt":"2022-07-21T04:47:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=507420"},"modified":"2022-07-21T11:22:23","modified_gmt":"2022-07-21T05:52:23","slug":"e-scooter-maker-ather-says-high-costs-pushing-back-profit-timeline","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/e-scooter-maker-ather-says-high-costs-pushing-back-profit-timeline\/","title":{"rendered":"e-Scooter maker Ather says high costs pushing back profit timeline"},"content":{"rendered":"<p>Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company&#8217;s path to profit despite high demand for its vehicles.<\/p>\n<p>&#8220;I was hoping to break even later this year itself. I would add a few quarters to that now,&#8221; its Chief Executive and co-founder Tarun Mehta told Reuters.<\/p>\n<p>Electric-vehicle manufacturers globally have seen a spike in demand as more people shift to cleaner transport, but a sharp increase in commodity prices and severe supply chain disruptions have slowed their growth.<\/p>\n<p>Ather has witnessed an addition of &#8220;several hundreds of dollars&#8221; in material costs due to firmer commodity prices, some of which have been passed on to customers, Mehta said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian electric-scooter maker Ather Energy said a surge in raw material costs and supply chain disruptions were delaying the company&#8217;s path to profit despite high demand for its vehicles. &#8220;I was hoping to break even later this year itself. I would add a few quarters to that now,&#8221; its Chief Executive and co-founder Tarun Mehta told Reuters. Electric-vehicle manufacturers globally have seen a spike in demand as more people shift to cleaner transport, but a sharp increase in commodity prices and severe supply chain disruptions have slowed their growth. Ather has witnessed an addition of &#8220;several hundreds of dollars&#8221; in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-507420","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=507420"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507420\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=507420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=507420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=507420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}