Hero MotoCorp has approved an investment of up to ₹550 crore in the rights issue of Ather Energy, marking a significant move in the Indian EV market.

#AtherEnergy #EV #HeroMotoCorp #IPO #Investment #ElectricVehicles

https://www.ganganews.com/business/hero-motocorp-to-invest-%e2%82%b9550-crore-in-ather-energy/

Until now, the cells and motors used in Ather’s electric scooters were being imported. However, in March, #AtherEnergy will stop importing the motors and source them locally. This should help the company keeping the prices of its products in check. In the future, the company could find a way to localise the cells, too.

https://indianautosblog.com/ather-energy-increase-localisation-next-month-p319898

#AtherEnergy zooms into 10 indian cities with the 450X #electricscooter | TechRadar
https://www.techradar.com/in/news/ather-energy-zooms-into-10-indian-cities-with-the-450x-electric-scooter