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Ather Energy plans to build new EV facility to produce 2-wheelers

Leading EV player Ather Energy is all set to build a factory to produce electric two-wheelers.

Ather Energy’s Chief Business Officer (CBO), Ravneet Phokela said that the company is increasing manufacturing production and intends to add 1 million units of capacity to its existing 400,000 annual capacity.

The national and state governments have shown much support for the EV industry to hasten adoption.

The central government has launched a number of progressive initiatives that aim to increase both supply and demand.

The Faster Adoption and Manufacturing of Electric Vehicles in India- II (FAME-II) policy, the introduction of PLI schemes for manufacturers, and a lower GST rate are just a few of the programmes that have been implemented to support the government’s long-term goals of making India a centre for the production of electric vehicles.

State governments have helped by providing extra subsidies, waiving road taxes, and providing incentives for manufacturing, among other things.

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