With the addition of a second facility in Hosur, electric two-wheeler start-up Ather Energy manufacturing capacity is set to increase to 4,00,000 lakh scooters. Ather is stepping it up to meet demand for 450X and 450 Plus scooters as they recorded their best-ever monthly sales numbers this October, posting a 12-fold increase over last year and achieving revenue run rate of $100 million, making it the largest EV maker by value in this segment. The company has indicated that it will invest ₹650 crore over the next five years to enhance operational efficiency and production capacity to meet the surge in demand for electric scooters while announcing the start of commercial operations of its second electric two-wheeler factory with a focus on lithium-ion battery manufacturing.
SOURCE: MINT
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