Ather Energy plans to add an annual capacity of about 15 lakh units.
Bangalore-based Ather Energy is looking to set up its third manufacturing plant in India and is said to be in talks with several state governments, including Andhra Pradesh, Maharashtra, Gujarat, Telangana and Karnataka.
According to media reports, Ather Energy plans to add an annual capacity of about 15 lakh units. At present, the plant at Hosur, Tamil Nadu has a capacity of 1.2 lakh units per annum, which is expected to increase to around 4 lakh units when the second assembly line becomes operational later this year.
Ather Energy is looking to acquire around 100 acres of land parcel to build its third manufacturing facility. Reports suggest that the company is in the last phase of negotiations and is likely to finalize the location within the next month.
Source: ET Auto
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