ENA Sectors 2024-06-27 16:51:12 <p><span style="font-size:14px"><strong>New Delhi, Jun 27 (KNN)</strong> Ather Energy, India's fourth-largest electric scooter maker, has announced plans to establish its third manufacturing facility in Bidkin, AURIC, Chhatrapati Sambhaji Nagar, Maharashtra. The new plant will produce both electric two-wheelers and battery packs.</span></p> <p><span style="font-size:14px">The company plans to invest over Rs 2,000 crore in this new facility, which is expected to generate approximately 4,000 jobs.</span></p> <p><span style="font-size:14px">This strategic location offers several advantages for Ather Energy, including closer proximity to more markets, reduced logistics costs, and faster delivery of products to customers.</span></p> <p><span style="font-size:14px">Maharashtra's Deputy Chief Minister Devendra Fadnavis welcomed the investment, stating it aligns with Prime Minister Narendra Modi's vision to strengthen India's startup and manufacturing ecosystem.</span></p> <p><span style="font-size:14px">Ather Energy, which competes with Ola Electric, TVS Motor, and Bajaj Auto, currently operates two manufacturing facilities in Hosur, Tamil Nadu.</span></p> <p><span style="font-size:14px">The company has been expanding its production capacity, product portfolio, retail outlets, and charging infrastructure across India to meet growing demand for electric two-wheelers.</span></p> <p><span style="font-size:14px">This announcement follows Hero MotoCorp's recent additional investment of Rs 124 crore in Ather Energy, increasing its stake in the startup.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38374 https://knnindia.co.in/news/newsdetails/sectors/ather-energy-to-open-third-manufacturing-facility-in-maharashtra-with-rs-2000-cr-investment 2024-06-27 16:51:12 knnindia.co.in