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Ather Energy, a maker of electric two-wheelers, announced that it would increase production at its facilities in order to reduce the time required for products.
The company anticipates a reduction of waiting periods by between 30-50%.
“Over the last few quarters, we have had a very sharp focus on working with our supplier-partners to ramp up our supply chain. We believe we have turned the corner, and are now looking at a very rapid scale-up in order to not only meet the current demand but also to clear the large order book,” said the company’s chief business officer Ravneet S Phokela.
He stated that the production ramp-up would dramatically reduce the waiting period. Ather, an Indian investor of Rs 500 crore, built its second manufacturing plant in Hosur in December 2021.
“With these efforts, our month-on-month ramp-up is expected to be around 20-25% in the current financial year, enabling us to achieve 5x growth in year-on-year volumes,” Phokela said.
According to the statement, the decrease in waiting time is due to the company’s efforts over the last few months to strengthen its supply chain and make strategic investments to increase its manufacturing operations.