Ather Energy will establish a manufacturing facility for electric vehicles at Hosur in TN
CHENNAI: IIT-Madras was born an electric vehicle manufacturer Ather Energy is preparing an accumulation of 400,000 square feet EV manufacturing facility in Hosur in Tamil Nadu. The company has signed a memorandum of understanding with the Tamil Nadu Government for investment.
The investment commitment for this project is around Rs 635 crore. Ather Energy said more than 4,000 employees would be trained in requisite skills in the EV sector over the next five years as part of this initiative.
Ather Energy 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 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.
" Tamil Nadu has been a hub for automobile manufacturing. They have been working closely with us in their effort to build an EV ecosystem. A manufacturing facility in 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," Tarun Mehta, CEO, Ather Energy , said.
Mehta said that the availability of a developed option that meets their requirements helped in decision making.
Bengaluru-based Ather Energy opened pre-orders for its Ather 450 scooters in July in Chennai and the company said pre-orders till December were full.
The company has been offering test trips at its experience center, Ather Space in Chennai, and the third batch of Ather 450 is now available with deliveries scheduled for February - March 2020.
Currently, Chennai has ten fast charging points and more will be added in the coming months.
Ather is preparing to launch in Hyderabad, Pune, Delhi and Mumbai next year.