• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

EV maker Ather’s plan to open Hosur unit delayed

Juliet Woodard by Juliet Woodard
August 24, 2020
Home Business
Share on FacebookShare on Twitter

₹635-cr. plant may commence by Dec.

Ather Energy Pvt. Ltd., an electric vehicle (EV) maker, said its plans to open a second manufacturing facility in the South by September 2020 has got delayed by a few months following the outbreak of COVID-19.“We have our first plant up and running in Bengaluru,” Tarun Mehta, co-founder and CEO, Ather Energy, told The Hindu“The plan to open the next one in Hosur, Tamil Nadu by August/September has got delayed by a few months,” he added. “However, the civil works are on and we will start production by end-December,” he said. In December 2019, Ather entered into an MoU with the Tamil Nadu government to set up the ₹635 crore plant in Hosur.The new plant will have a capacity to manufacture one lakh units per annum.The Bengaluru plant was producing close to 1,000 units per month and it was capable of scaling it up to 2,800 units per month.“Once, Bengaluru unit starts producing 2,800 units per month, then we will shift our focus to the Hosur plant,” he said. Mr. Mehta said the company was in the process of introducing a new electric scooter in two versions — Ather 450+ and Ather 450X. Ather 450X will besuperior than450+ in terms of speed, performance, range and charging. It will be priced at ₹1.59 lakh, he added.Mr. Mehta said the company would initially sell the new electric scooter in Bengaluru and Chennai and then enter Hyderabad before October. By March 2021, the company plans to roll out its product in another eight cities, including Pune, Ahmedabad and the NCR.Regarding installation of power-charging stations, he said at present 20 power grids were in place and another 80 would be added by FY21.Hero Motor Corp and Flipkart co-founder Sachin Bansal had invested in Ather Energy, which was planning to raise more funds for expansion as well as to boost to meet its expansion and charging infrastructure facilities.

You have reached your limit for free articles this month.
To get full access, please subscribe.
Already have an account ? Sign in

Show Less Plan

Subscription Benefits Include

Today’s Paper
Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages
Move smoothly between articles as our pages load instantly.

Unlimited Access
Enjoy reading as many articles as you wish without any limitations.

Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations
A select list of articles that match your interests and tastes.

Briefing
We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

Tags: Ather
Juliet Woodard

Juliet Woodard

Next Post
Samsung Galaxy M51 Tipped to Come With 6.67-Inch AMOLED Display, Snapdragon 730 SoC

Samsung Galaxy M51 Price in India, Launch Date, and 7,000mAh Battery Tipped

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Gold plunges ₹ 1,492, silver tanks ₹ 1,476

Jittery Wall St. banks ‘war game’ election with drills

October 31, 2020
Influencers Share Five Key Design Trends From The 2021 Kitchen & Bath Industry Show

Influencers Share Five Key Design Trends From The 2021 Kitchen & Bath Industry Show

February 24, 2021

Trending.

Understanding Emergency Rental Assistance For Landlords And Tenants

Understanding Emergency Rental Assistance For Landlords And Tenants

January 27, 2021
Call of the mall – The Hindu

Call of the mall – The Hindu

October 16, 2020
Rupee slumps 23 paise, settles below 74/USD level

Rupee slumps 23 paise, settles below 74/USD level

November 1, 2020
Webinar on weather and its impact on business on November 19

Webinar on weather and its impact on business on November 19

November 16, 2020
Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

November 1, 2020

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus Covid COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

What The New 3-2-2 Work Week Will Mean For Commercial Real Estate

What The New 3-2-2 Work Week Will Mean For Commercial Real Estate

March 2, 2021
Seven Top Tile Trends For 2021

Seven Top Tile Trends For 2021

March 2, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.