Indian e-scooter maker Ather readies new models and exports after subsidy cuts

FILE PHOTO: Ather electric scooters are seen outside the showroom in Mumbai, India, January 28, 2022. REUTERS/Francis Mascarenhas/File Photo

BENGALURU (Reuters) - Indian electric scooter maker Ather Energy will accelerate new model launches at home and test export markets, its chief executive told Reuters, raising new money to boost growth after the government lowered subsidies for the vehicles.

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.