{"id":241217,"date":"2023-10-09T09:20:05","date_gmt":"2023-10-09T09:20:05","guid":{"rendered":"https:\/\/automotobuzz.com\/?p=241217"},"modified":"2023-10-09T09:20:05","modified_gmt":"2023-10-09T09:20:05","slug":"ather-energy-plans-to-go-global-to-set-up-a-new-factory","status":"publish","type":"post","link":"https:\/\/automotobuzz.com\/news-features\/ather-energy-plans-to-go-global-to-set-up-a-new-factory\/","title":{"rendered":"Ather Energy plans to go global; to set up a new factory"},"content":{"rendered":"<h2>Together, both facilities will have a combined annual production capacity of 4,20,000 units.<\/h2>\n<p>Ather Energy is planning to set up a new manufacturing facility to expand its production capacity, as it prepares to enter the global electric 2-wheeler market.<\/p>\n<p>According to Ravneet Phokela, Chief Business Officer of Ather Energy, the company is in talks with various state governments to finalize the factory\u2019s location. The new facility will be set up outside of Tamil Nadu, where it already has a manufacturing unit. Together, both facilities will have a combined annual production capacity of 4,20,000 units.<\/p>\n<p>Ather Energy has identified markets in Southeast Asia, Latin America and Europe for its future expansion. It will also mark the brand\u2019s foray into the international market.<\/p>\n<p>Last month, Ather Energy secured an investment of Rs 900 crore from Hero MotoCorp and Singapore\u2019s GIC. According to CEO and co-founder Tarun Mehta, the funds will be used to expand the company\u2019s portfolio and its footprint.<\/p>\n<p>Source: <a href=\"https:\/\/www.team-bhp.com\/news\/ather-energy-plans-go-global-set-new-factory\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Together, both facilities will have a combined annual production capacity of 4,20,000 units. Ather Energy is planning to set up<\/p>\n","protected":false},"author":2,"featured_media":241216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ather Energy plans to go global; to set up a new factory - AutoMotoBuzz.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/automotobuzz.com\/news-features\/ather-energy-plans-to-go-global-to-set-up-a-new-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ather Energy plans to go global; to set up a new factory - AutoMotoBuzz.com\" \/>\n<meta property=\"og:description\" content=\"Together, both facilities will have a combined annual production capacity of 4,20,000 units. 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