Ather’s Q2 dealer dispatches to suffer due to rare earth magnet crisis
New Delhi: Electric 2-wheeled manufacturer Aher Energy Ltd, rare soil magnet crisis will probably multiply the production of scooters, since the dealers throughout the country will be lacking a volume worth seven days in July-September.
The Bengaluru -based company became the second company after Bajaj Auto to measure the influence of the rare land crisis in the last four months. Bajaj Auto General Manager Rajiv Bajaj warned that if the crisis is not solved, August may be a zero -chetak month.
Speaking to Mint after the publication of the April-June financial results, the management of the company stressed that the impact should be seen from the full year perspective and that the company will receive good losses in this period.
Ravneet Phokela, Ather Energy’s Chief Operation Officer, said, “When we look at the distribution perspective, there may be an effect on the 6-7-day volume. It will affect our income. Time horizon all year, so we will compensate for it,” he said.
Comments came after the company’s losses a little narrowing. La178 CRORE La183 crore compared to the previous year, but the income saw a leap of 79% La644 Crore. The improvement in income came to 46,078 Scooter behind a 97% leap in volumes. The company’s shares increased by 15% La399.25 at BSE on Monday.
FAVÖK develops
Due to the sales and improvement increase in cost structures, the company rose from -33% to -16% before interest, depreciation and tax margin. This means that the company has lost La16 La100 income. As the company approached the point, the management still has not announced the monthly sales rate that the company has to make to reach the point of prey.
However, hiccups in posts will come at a time when the hiccups in posts close the gap with an initial rival Ola Electric, who is ready to release rarely unjustified engines.
Atter’s sales have been about 15.77% in the total electric two -wheeled pie in 16.231 units in July, and significantly higher than 9.49% in the same month of last year. During the month, he recorded 17,848 sales.
Atter is currently investigating multiple alternatives to deal with the crisis of rare earth magnets and minimize the impact on sales. The seven -day Hit will come in a quarter, which is expected to increase the sales of the industry in a warm year due to the presence of more than one festival such as Ganesh Chaturthi and Navratri.
“We are currently in the development process.
Patents
Company spent in the first quarter La89 Crore in research and development and saw that it was up to 417 against 346 at the end of the last financial year.
Previously, the founding partner and CEO Tarun Mehta, Mint, said that mild rare soil magnets could be a good alternative to heavy rare soil magnets, as the supply chain was relatively diversified. China monopolizes the supply of heavy rare earth magnets.
Atter Energy’s Mehta said, “Stop using industry, heavy rare soil magnets. Unlike automobiles, trucks or buses, our industry can build engines without using heavy, rare earth magnets. We can move towards lighter, rare soil magnets.”
The competitor TVS motor company management was emphasized on July 31 during the call for earnings that the company manages daily production and discovered alternative technologies.
