Ather Energy to Invest Rs 2,000 Crore in Maharashtra EV Plant
Ather Energy, a prominent electric vehicle (EV) manufacturer, has announced a significant investment of over Rs 2,000 crore in Maharashtra. The new manufacturing facility, located in Aurangabad Industrial City (AURIC), is expected to generate around 4,000 jobs and will be Ather's third production plant.
Maharashtra Deputy Chief Minister Devendra Fadnavis shared this development on social media, highlighting that the state-of-the-art plant will have an annual production capacity of up to 1 million electric vehicles and battery packs. He emphasized the supportive business environment in Maharashtra, which aligns with Prime Minister Narendra Modi’s vision for India’s industrial growth.
Fadnavis noted that the new facility's location benefits from effective connectivity via the Samruddhi Expressway, making it an attractive investment destination. "This significant investment will not only enhance Maharashtra’s role in the electric mobility revolution but also contribute to boosting employment opportunities across the state", he stated.
Swapnil Jain, Founder of Ather Energy, expressed excitement about the investment, acknowledging Maharashtra's conducive policies for EV manufacturing. "With our expanding product portfolio and increasing consumer demand, we decided to strategically diversify our production capabilities to be closer to more markets in the country", Jain mentioned.
Founded in 2013 by IIT-Madras alumni Tarun Mehta and Swapnil Jain, Ather Energy introduced its first electric scooter, Ather 450, in 2018, followed by the Ather 450X in 2020. Ather also operates a public charging network, with over 1,900 charging points across more than 100 cities, further supporting the EV ecosystem.
This investment reflects Ather’s commitment to scaling up production and meeting the growing demand for electric scooters in India. The establishment of the new facility is a testament to Maharashtra's growing prominence in the EV manufacturing sector.