Ather Energy and Bajaj Auto expand electric two-wheeler production capacity
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Ather Energy is increasing its production capacity to over 41,000 units at its existing facility, with a new facility also planned. Bajaj Auto is enhancing its Chetak capacity to 80,000 units. TVS Motor, the current market leader, plans to raise its electric two-wheeler capacity to 80,000 units per month by March 2027, up from 60,000-65,000 units.
Why it matters
The capacity increases reflect strong demand for electric scooters, with penetration crossing 20% in the scooter segment. This expansion by major manufacturers intensifies competition within the electric two-wheeler market.
Major companies, including Ather Energy, Bajaj Auto, and Hero MotoCorp, are contributing to the growth of the two-wheeler and electric two-wheeler markets in India.
Who's involved
- Ather EnergyIncreasing production capacity in the electric two-wheeler segment.
- Bajaj AutoEnhancing production capacity for its Chetak electric two-wheeler.
- Hero MotoCorpHolds an equity stake in Ather Energy.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Ola ElectricSpeculative
Ola Electric might face increased competitive pressure, potentially affecting its market share and sales.
- Ather EnergySpeculative
Ather Energy could see increased revenue from its capacity expansion to meet strong market demand.
- Bajaj AutoSpeculative
Bajaj Auto could benefit from increased sales and demand due to its capacity enhancement.
- Hero MotoCorpSpeculative
Hero MotoCorp may see changes in the valuation of its equity stake in Ather Energy due to market competition.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- TVS Motor faces competitive pressure from rivals boosting EV capacityTVS Motor faces intensified competition as rivals boost electric two-wheeler capacityLikely
- Rival capacity expansion may intensify competitive pressure on Ola ElectricIncreased rival capacity could intensify competitive pressure on Ola Electric's market sharePossible
Keep exploring
Part of
Major companies including Ather Energy, Bajaj Auto, and Hero MotoCorp are contributing to the growth of the two-wheeler and electric two-wheeler markets in India.Also in this story
- Hero MotoCorp raised its stake in Ather Energy and launched the Konarc model in Bengaluru.
- Ola Electric, Bajaj Auto, and Hero MotoCorp are competing in the Indian two-wheeler market.
- Vida is Hero MotoCorp's electric two-wheeler brand and has established coverage across India, though it currently ranks behind Ather Energy in market share.
- Ather Energy expands its presence in the electric two-wheeler market in India.
The entities involved
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Ather Energy
Indian electric vehicle manufacturer company
Nothing else this week.
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Bajaj Auto
Indian two-wheeler and three-wheeler manufacturing company