Electric two-wheeler maker Ather Energy is entering the auto insurance distribution space by incorporating a wholly owned subsidiary that will operate as a corporate agent, according to a recent filing with the National Stock Exchange (NSE).
The subsidiary is yet to be incorporated and is awaiting approvals from the Registrar of Companies (RoC) and the Insurance Regulatory and Development Authority of India (IRDAI), the filing said.
Ather will initially invest Rs 8 crore in the subsidiary, with additional investments planned as operations scale up.

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