The partnership aims to enhance the manufacturing ecosystem to meet the strong demand for Ather Energy's flagship products -- Ather 450X and 450 Plus
Prices of both electric scooters have been reduced by nearly Rs 9,000
Ather 450 owners now get more on-screen information and features like guide-me-home lights
The company, which markets two scooters - Ather 450X and the Ather 450 Plus - also sought the inclusion of electric vehicle (EV) startups under the PLI (Production-Linked Incentive) scheme.
The electric motorcycle will be based off its entry-level 300NK
The company's board has approved the investment in one or more tranches. Prior to the proposed investment, the company's shareholding in Ather Energy stood at 34.8 per cent.