Ather Energy Expands Capacity with ₹122 Cr Investment

Ather Energy's Board has approved a capital expenditure of approximately INR 122 Crores (including taxes) to enhance manufacturing capacity at its Hosur, Tamil Nadu, and Chhatrapati Sambhajinagar, Maharashtra (Factory 3.0) facilities. The expansion aims to increase the annual production capacity of electric two-wheelers at the Hosur factory from 420,000 to 495,000 units, and at Factory 3.0 from 500,000 to 650,000 units. The Hosur factory expansion is expected to be completed by December 2026, with an investment of up to INR 58 crore. Factory 3.0 expansion is slated for completion by Q2 FY28, with an investment of up to INR 64 crore, including INR 53 crores for a new battery line. The financing will be a combination of debt and internal accruals, with the rationale being to scale up long-term manufacturing output to meet business demand.