IPO-bound Ather Energy's cost of imports from China went up to 28% in FY24
Tue, Sep 10, 2024 11:28 AM

IPO-bound Ather Energy's cost of imports from China went up to 28% in FY24

A Flip by Shubhangi Gupta
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Electric two-wheeler maker Ather Energy's cost of imports from China went up 28 percent, or around Rs 442 crore, in the financial year 2023-24 even as it sourced the remaining 72 percent of the materials from the domestic market. In FY23, the total cost of materials consumed through China imports was around 10 percent, or Rs 157.9 crore.

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