Ather Energy Forays Into Auto Insurance Distribution

by · Inc42

SUMMARY

  • Ather Energy’s board has approved setting up a wholly owned subsidiary to distribute auto insurance policies
  • The new entity will act as a corporate insurance agent, offering and facilitating insurance policies, subject to approvals from the Registrar of Companies and the Insurance Regulatory and Development Authority of India (IRDAI)
  • Ather said the move is aimed at diversifying its revenue streams and building recurring income by using its existing customer base