Ather Energy partners with Foxconn arm for sourcing EV components

13 Mar 2022 CW Team

Ather Energy, an electric two-wheeler manufacturer, has partnered with Foxconn subsidiary, Bharat FIH to source various components for its electric vehicles (EVs).

Bharat FIH will be managing the whole supply chain and logistics for these components, which include printed circuit board assemblies, peripheral controlling units, and drive control modules. Besides these products that it manufactures in-house, Bharat FIH also has an agreement with a supplier to manufacture electronic grade lead-acid batteries for the company's electric vehicle projects.

Earlier, Sanmina Corporation used to supply these components.

Ather Energy chief executive officer, Tarun Mehta said that they are working to strengthen their supply chain to meet the rising demand for their scooters.

He added that they are delighted to partner with Bharat FIH to offer us the supply chain capability, capacity, and process expertise to cater to their volumes as well as projections.

Mehta said that the partnership reflects how many large auto component manufacturers want to take advantage of opportunities in the EV industry. Lack of interest among larger suppliers has hindered EV manufacturers, but now things are improving because supply is picking up.

In February, Ather sold 2,042 scooters, a rise of 140% year-on-year (YoY).

Image Source

Also read: Vedanta partners with Foxconn to produce semiconductors in India

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..