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The market has bounced back since the previous quarter and the firm will re-evaluate plans for new capacity creation this year, says Mehta
Hero Motocorp: Through this collaboration, EV users will be able to seamlessly use both VIDA and Ather Grids across the country. The combined network will cover 100 cities with over 1900 fast-charging points, they said.
The international expansion comes as the industry saw a 25% decrease in subsidies for electric two wheelers impacting sales earlier this year though it eventually recovered.
Two-wheeler Ev Companies Global: The international expansion comes as the industry saw a 25% decrease in subsidies for electric two wheelers impacting sales earlier this year though it eventually recovered.
Recently, the Tiger Global-backed EV startup secured Rs 900 crore in funding from two-wheeler major Hero MotoCorp and Singaporean sovereign wealth fund GIC, both of which are existing shareholders in Ather.