The Bengaluru-based Ather Vitality had arrange its first manufacturing facility at Hosur earlier this 12 months.
Other than EV manufacturing, the brand new manufacturing unit will even deal with lithium-ion batteries, which is a key focus space for Ather Vitality, the corporate stated.
With the brand new facility, the corporate plans to fabricate 400,000 items each year, a major bounce from its present capability of 120,000 items, it stated.
“We’re commissioning the second plant to be prepared for 2022. With this capability growth, Ather is nicely on its technique to turning into the nation’s largest EV producer by subsequent 12 months,” stated Tarun Mehta, Co-Founder-CEO, Ather Vitality.
In October, Ather Vitality delivered its best-ever month-to-month gross sales, registering 12-fold progress over final 12 months, as per the corporate. Moreover, the corporate achieved retail income of USD 100 million, making it the largest EV maker by worth on this section, the corporate added.
“Our expertise centres are scaling up quickly, and our retail footprint is ready to develop by six instances within the coming quarters. So, inside simply ten months of opening our present facility, we discover ourselves already working at full capability,” Mehta stated.
The corporate stated it continues to achieve power within the two-wheeler EV house, including it has been registering 20 per cent month-on-month gross sales progress since November 2020.
Ather has recorded a 3X improve in walk-ins, net inquiries and a 4X progress in automobile reserving within the April-October interval this 12 months, along with witnessing an amazing improve in shopper curiosity for its newest scooter, the 450X, in keeping with the discharge.
The corporate began its operations on the Hosur manufacturing facility earlier this 12 months, catering to demand from throughout the nation. It allows 90 per cent of the manufacturing of Ather Vitality’s 450X and 450 Plus to be localised, together with the battery pack, which is made in-house by Ather Vitality.
The corporate has dedicated to take a position Rs 650 crore within the subsequent 5 years to boost operational effectivity and manufacturing capability to fulfill the exponential surge in demand, as per the discharge.
Ather Vitality plans to strengthen its retail operations by increasing to new markets. The corporate plans to increase to round 150 Expertise Facilities in 100 cities by March 2023.
It has additionally invested closely within the charging infrastructure to supply a holistic expertise to the rider group, the corporate stated.