Ather Energy to achieve 75-77% product localisation by 2020


Ather Energy to achieve 75-77% product localisation by 2020

Ather Energy, a Bangalore- based manufacturer of smart electric scooters told CNBC-TV18 that it is looking to start localising the production of the electric motor which powers their scooters, achieving a 75-77 percent localised product by the first half of next year.

Currently, Ather scooters are over 50 percent localised, according to Tarun Mehta, co-founder of Ather Energy. At present, manufacturers of electric vehicles import li-ion cells which power their batteries, predominantly from China, including Ather.

The company also imports the electric motor, while the battery pack and the battery management and monitoring system (BMS) is manufactured domestically.

With that, Mehta said in an interview to CNBC-TV18 that batteries Ather uses now cost them close to $150 kWh, while for most manufacturers the cost of the battery is now below $200kWh. Read More

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