4 months ago
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27th June 2024, 10:31
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| Senior - BHPian
Join Date: Jul 2017 Location: Pune Posts: 6,491 Thanked: 57,423 Times | Ather Energy to acceptable up its 3rd works successful Maharashtra Bangalore-based electrical 2-wheeler shaper Ather Energy volition acceptable up its 3rd manufacturing portion successful Maharashtra. The caller mill volition travel up successful Aurangabad Industrial City (AURIC), located successful Chhatrapati Sambhaji Nagar. Devendra Fadnavis, Deputy Chief Minister of Maharashtra, precocious met Ather Energy co-founder Swapnil Jain. In a station connected X (formerly Twitter), Fadnavis confirmed that Ather volition put implicit Rs 2,000 crore successful the state. The Deputy CM besides revealed that the caller installation volition person an yearly accumulation capableness of 1 cardinal 2-wheelers and batteries. It is expected to supply employment to astir 4,000 people. According to Ather Energy, the determination of the works was chosen with the purpose of reducing logistic costs and hastening the transportation of finished products to customers crossed India. The 3rd manufacturing portion volition much than triple Ather’s full accumulation capacity. Currently, the company’s 2 accumulation units person a combined capableness of 4.2 lakh units. Last edited by TusharK : 27th June 2024 astatine 10:33. |
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27th June 2024, 11:06
| #2 |
| BHPian Join Date: Apr 2023 Location: Bengaluru Posts: 55 Thanked: 257 Times | Re: Ather Energy to acceptable up its 3rd works successful Maharashtra Why support mounting up manufacturing units erstwhile the existing ones successful Bangalore and Hosur are precise underutilized? They hardly merchantability 10K units a month. Even if they magically treble their income overnight, that would inactive beryllium 240K units a year. Why bash they request works that tin nutrient a cardinal units? Heck, adjacent OLA sells lone 400K scooters a year. Ather's caller works is simply a lawsuit of burning wealth that's not theirs. |
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27th June 2024, 11:27
| #3 |
| BHPian Join Date: Jun 2023 Location: Orange city Posts: 63 Thanked: 84 Times | Re: Ather Energy to acceptable up its 3rd works successful Maharashtra Quote:
Originally Posted by i10_sanjay Why support mounting up manufacturing units erstwhile the existing ones successful Bangalore and Hosur are precise underutilized? They hardly merchantability 10K units a month. Even if they magically treble their income overnight, that would inactive beryllium 240K units a year. Why bash they request works that tin nutrient a cardinal units? Ather's caller works is simply a lawsuit of burning wealth that's not theirs.
Ather person lone concentrated connected the higher extremity of the marketplace and has present stepped into the wide marketplace category. On the different manus this could beryllium a play for authorities PLI strategy oregon a showcase of spot for declaration manufacturing. And not to hide the IPO bound institution is called Ather Energy, their pipeline products/services are yet to beryllium known. Have ever recovered Ather to beryllium a showcase of Indian 2W innovation and a blimpish institution erstwhile it comes to investments. Last edited by The Pianist : 27th June 2024 astatine 11:30. |
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