Ather Energy to invest INR 2,000 Crore in new electric scooter plant

Riya Fernandes Jun 27, 2024 0

Ather Energy will set up an electric scooter plant at Aurangabad Industrial City (AURIC), the Maharashtra state government announced on Wednesday, June 26. The plant will be situated in central Maharashtra’s Chhatrapati Sambhaji Nagar district.

The upcoming electric scooter plant will cost an estimated INR 2,000 Crore. It will produce up to 1 Million vehicles and battery packs annually. Additionally, it will create around 4,000 employment opportunities.

Also Read: Peddapalli district to host Coca-Cola’s new plant in Telangana

Ather Energy’s new plant highlights Maharashtra’s supportive business environment. Moreover, it aligns with Prime Minister Narendra Modi’s vision for India’s industrial growth, said Deputy Chief Minister Devendra Fadnavis. Consequently, the plant will boost electric vehicle manufacturing in the region. 


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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes onlyIt does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.

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