Ather Energy logs 12 fold increase October sales | Ather Energy’s October sales increased by 12 times, before Diwali sales of electric scooters increased


Ather Energy logs 12 fold increase October sales

New Delhi. Hero MotoCorp-backed Ather Energy on Monday said its October sales grew 12 times due to festive season demand. The company sells electric scooters under the names 450X and 450 Plus. The company sold 3500 units in October.

Tarun Mehta, CEO and Co-Founder, Ather Energy, said in a statement, “The festive season has been very exciting for us, with Ather Energy registering a 12-fold growth in sales during October as compared to the previous year. He further said that in the last few months, we have seen a very high growth in demand and we sincerely expect this demand to remain high at this level. We are expanding continuously across the country and consumers are also beginning to understand the benefits of Electric Two-Wheelers.

The company said it is expanding its retail outlets across major cities in India and now has 22 experience centers in 19 cities. The company plans to open 50 experience centers in 42 cities by March 2022. The company is also building Ather Grid, a public fast-charging infrastructure network for electric two-wheelers in India.

Bounce plans to invest Rs 742 cr for e-scooter manufacturing

E-scooter rental company Bounce is planning to invest in e-scooter manufacturing and expansion of infrastructure for battery swapping in the next one year. Giving this information, the company’s co-founder and CEO Vivekananda Hallekere said that for this the company will invest $100 million (Rs 742 crore) in the next 12 months.

Hallekere said that the company will launch its first e-scooter later this month and its supply will start from February next year. He said that we want to bring electric vehicles (EVs) powered by electricity in the mainstream. When we are talking about transition to EVs, we want to make sure that these vehicles can be used practically. Plus customers don’t have to worry about charging infrastructure, battery capacity and related issues. We will have two versions of it and by the end of November we will start pre-booking and deliveries will start by the end of February. He added that the company expects to receive over one lakh bookings for the e-scooter in pre-bookings.

Read also: SpiceJet gave a gift after Diwali, now everyone will prefer to travel by plane instead of train

Read also: We could not reach the target even after 5 years of demonetisation.

Read also: Yogi government gave Diwali gift, big announcement for state employees

Read also: Why India’s largest car maker is not launching electric vehicles, Maruti explains the reason

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