The Ather Energy 450 Plus and 450X have received an effective price hike after the company started charging RS 5,475 for the portable Dot Charger included.
Ather Energy cited a rise in input costs as the reason behind the hike. Earlier, the charger was included at a cost of Re 1.
Ex-showroom Bengaluru, the 450 Plus costs Rs 1.31 lakh while the 450X costs Rs 1.5 lakh.
The move comes as Hero MotoCorp linesd up Rs 420 crore of fresh investment in the Bengaluru-based startup. The company's board has approved the investment in one or more tranches, Hero Motocorp said in a statement.
Prior to the proposed investment, the company's shareholding in Ather Energy stood at 34.8 per cent (on a fully diluted basis).
After the investment, the shareholding will increase and the exact shareholding will be determined upon completion of the capital raising round by Ather, Hero MotoCorp stated.
"In keeping with our vision 'Be the Future of Mobility', we are working on a variety of emerging mobility solutions.”
"We were one of the early investors in Ather Energy and have continued to expand our association over the years. We are excited to see the growth of Ather Energy in recent years," Hero MotoCorp Head (Emerging Mobility Business Unit) Swadesh Srivastava noted.