Electric vehicle

Indian E-Two Wheelers Better than Global Counterparts, says Ather Energy Co-Founder

• ByStartupStory     |    June 24, 2024

Indian electric two-wheelers are surpassing their global counterparts in terms of design and technology, according to Ather Energy co-founder Swapnil Jain. Speaking at the ‘Meet Rizta’ event in Nagpur on Saturday, Jain highlighted the strides made by Indian manufacturers and emphasized the country’s potential to become a technology exporter.

Union Minister of Road Transport & Highways Nitin Gadkari was also in attendance at the event, where Ather showcased its latest family scooter, Rizta, along with the innovative Halo helmet. The event attracted community members and electric vehicle enthusiasts alike.

Jain attributed the success of Indian electric two-wheelers to the supportive role of the government, even amid a reduction in subsidies. “Even with decreased subsidies, we are thriving thanks to the ‘Made in India’ initiative,” he stated.

“Indian electric two-wheeler is better than any electric two-wheeler in the world,” Jain said, adding that the country has a unique opportunity to move ahead of foreign countries in design and technology. He elaborated on the potential for India to lead in EV technology and design for the first time.

“We have a unique opportunity to become exporters of technology, not just manufacturers. The growth of the electric two-wheeler industry will also boost other sectors such as the semiconductor, software, cell manufacturing, and energy industries,” he explained. Jain further emphasized that the electric two-wheeler industry could become a cornerstone for pulling new technologies into the country. “EV industry should not be seen just as an automobile industry but as the industry that can pull all the new technology in India, which will flourish various other industries,” he added.

Ather has reported significant growth, with a 30 percent increase in EV sales last year, selling approximately 1,15,000 units. Jain expressed optimism about future sales, particularly with the positive reception of the Ather Rizta, and noted the company’s production capacity of 4,00,000 units.

Regarding expansion, Jain revealed plans to penetrate the South Asian market, with sales already commencing in Nepal.

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