Ather Energy became the second electric two-wheeler company to go public after Ola Electric Mobility floated its Rs 6,145-crore IPO last August.
Ather’s Tarun Mehta said the ongoing tariff tussle is primarily between the US and China, and India, not being directly involved, could benefit.
Ather Energy CEO Tarun Mehta said he is confident of his “product, tech and quality-focused brand”.
The post, shared by Tarun Mehta on X, showed employees celebrating Onam with a Sadhya, a feast served on banana leaves, which is an integral part of the festival. However, the Ather Energy received flak for the chapatti served as part of the meal.
In response, Ather Energy’s CEO Tarun Mehta took to X, formerly known as Twitter, with a witty comeback. He shared a popular meme featuring Pakistani cricket fan Sarim Akhtar.
Ather CEO Tarun Mehta shared a video and a photo of the Bengaluru groom arriving in the Rizta electric bike and how Ather played a role in him arriving at the location on time.
The customer who brought the Ather 450 electric scooter, worth Rs 1 lakh, using Rs 10 coins even impressed company CEO Tarun Mehta, who shared a photo with the man and a few others.
India's electric scooter market is small but growing, with e-models accounting for 5% of total scooter and motorcycle sales in the last fiscal year against a government target of 70% by 2030.
Ather Founder & CEO Tarun Mehta speaks to Moneycontrol about the company's ambition to become the largest maker of electric vehicles. "EV will not be a category, it will be everything," says Mehta. "Macroeconomic conditions may slow two-wheeler demand, but EV growth will continue to soar," he adds. Watch the full interview!
Macroeconomic conditions may slow two-wheeler demand but EV growth will continue to soar, says Mehta, adding that Ather won't fire three bullets to get one right but spend time to perfect its products one at a time.
The CEO exudes confidence that Ather will soon become the market leader in the segment it operates
In April this year cases of electric two-wheelers of manufacturers - such as Ola Electric, Okinawa Autotech and PureEV -- catching fire were reported. It prompted the government to form a panel to examine.
The co-founder and CEO of Ather Energy weighs in on EV battery safety, importance of extensive testing and road map for electric mobility in India
The only impediment to the growth of electric vehicles can be charging infrastructure bottlenecks that may crop up in the next few years, says Tarun Mehta. In the last few months, the industry has seen 30-40 percent growth every month. In the next 2-3 years, volumes may grow 20-30 times over the cumulative volumes of the last 15 years, he says.