Ather Energy Plans ₹2,000 Crore Investment for Third Plant in Maharashtra
Maharashtra’s Deputy Chief Minister Devendra Fadnavis has announced that Ather Energy, a prominent electric vehicle (EV) company, will invest more than Rs 2,000 crore in a new manufacturing facility in Maharashtra, creating approximately 4,000 job opportunities.
In a recent update on social media, Devendra Fadnavis shared that during a meeting with Swapnil Jain, Founder of Ather Energy, he was informed about this significant development.
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“Ather Energy, the leading electric scooter manufacturer, has chosen Maharashtra for its third manufacturing facility in Aurangabad Industrial City (AURIC). It is a more than Rs 2,000 crore investment, generating employment of around 4,000,”
Maharashtra’s Deputy Chief Minister Devendra Fadnavis.
The state-of-the-art plant aims to produce up to 1 million units of vehicles and battery packs annually.
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“This decision underscores Maharashtra’s favorable business environment and robust policies supporting electric vehicle manufacturing, in alignment with Prime Minister Narendra Modi’s vision for India’s industrial growth,”
Maharashtra’s Deputy Chief Minister Devendra Fadnavis
“With excellent connectivity facilitated by the Samruddhi Expressway, investors are increasingly recognizing the region’s potential. This substantial investment will not only bolster Maharashtra’s role in the electric mobility sector but also enhance employment prospects across the state,” he added.
“Given our expanding product range and growing consumer demand, we strategically opted to diversify our manufacturing capabilities to a location that provides closer access to key markets across the country,”
Swapnil Jain.
“We deeply appreciate the Maharashtra government’s supportive policies that foster the growth of EV manufacturing,”
Swapnil Jain.
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About Ather Energy
Founded in 2013 by IIT-Madras alumni Tarun Mehta and Swapnil Jain, Ather Energy introduced its first electric scooter, the Ather 450, in 2018, followed by the Ather 450X in 2020. The company has also established a robust public charging network, comprising over 1,900 charging points spread across more than 100 cities.