Ather Energy Forays Into Auto Insurance Distribution Business

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

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