Ather Energy eyes profitability, IPO in 18-24 months
Hero MotorCorp-backed EV maker plans to launch a family scooter next year.
Hero MotorCorp-backed EV maker plans to launch a family scooter next year.
The country's largest two-wheeler manufacturer, which launched Vida 1 electric scooter in December last year, plans a presence in atleast 100 cities in terms of EVs by December
The electric two-wheeler manufacturer's operating revenue surged from ₹0.86 crore in FY21, to ₹373.42 crore in FY22.
In a letter to the ministry of heavy industries, the EV lobby proposes that customers can return the heavy discount offered by some OEMs to the government as part of the penalty amount.
According to SMEV, the subsidy cut is likely to disrupt India’s growth in the EV sector and consequently have a detrimental impact on the environmental and health indices of the country.
The electric scooter will now be available at ₹1,45,900 (ex-showroom price) from its earlier price of ₹1.39 lakh in Mumbai, Bengaluru, Aurangabad, Noida, Chennai, and Hyderabad.
The development comes months after the two-wheeler maker launched Ola S1 Air in October last year.
He was speaking at the 'National Dialogue on Emerging Trends in E-Mobility,' organised today by the Council on Energy, Environment and Water (CEEW) in New Delhi.
Okinawa’s latest facility in Karoli, Rajasthan, will have a capacity of 1 million units every year, and will roll out electric scooters and motorcycles from its new joint venture.
With this policy, Maharashtra aims to have 3 lakh electric vehicles a year by 2025, and has announced that starting April 2022, all new vehicles in the government fleet will be electric-only.