Chennai, December 1, 2019:
vehicle manufacturer, has signed an Memorandum of Understanding (MoU) for a 400,000
sq. ft. electric vehicle manufacturing facility with the Government of Tamil
Nadu at the Investment and Skill Development Conclave in Chennai.
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.
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.
facility will not only cater to the EV manufacturing demand but also for
Ather’s lithium ion battery manufacturing which is a key area of focus for the
company going ahead. The investment is an opportunity for value creation in the
sector and will create job opportunities for the region. More than 4000
employees will be trained in requisite skills in the EV sector as a part of
this initiative over the next five years.
Energy opened pre-orders in July 2019 for Chennai and pre-orders till December
are full. The third batch of Ather 450s are now available with deliveries expected
in February - March '20. The company has been offering test rides at their
experience centre, Ather Space in Wallace Garden Street, Chennai.
has also been investing in setting up fast-charging infrastructure in Bengaluru
& Chennai. Currently, Chennai has ten fast charging points and more will be
added in the coming months. Post the success in the two cities, Ather is
gearing up to launch in Hyderabad, Pune, Delhi and Mumbai in the coming year.
Tarun Mehta, Chief Executive Officer, Ather Energy,
said, “Ather is rapidly scaling up and we need to expand our
production capacity to meet the growing demand. The new unit will help
us meet the demand for the next few years across the country. Tamil Nadu has
been a hub for automobile manufacturing, and they have been working closely
with us in their effort to build an EV ecosystem. A manufacturing
facility at Hosur was an ideal choice considering that, it is close to our
R&D facilities in Bengaluru and most of the existing and potential future
supply base is operating in the region. The availability of a built-up option
of our desired scale and proximity helped in the decision making.”