‘Isko discount hi de dena…,’ Ather CEO Tarun Mehta responds to Nikhil Kamath’s dig on marketing strategy

Tarun Mehta was responding to Nikhil Kamath's recent social media post, in which he not only appreciated Ather's products but also light-heartedly critiqued the company's marketing strategy.

Written By Riya R Alex
First Published11 Jul 2024, 11:46 AM IST
Tarun Mehta, co-founder and chief executive of Ather responded to Nikhil Kamath's funny jibe on the company
Tarun Mehta, co-founder and chief executive of Ather responded to Nikhil Kamath’s funny jibe on the company

Ather Energy’s CEO Tarun Mehta's response to Zerodha co-founder Nikhil Kamath's witty jibe on 'X' at the EV maker’s marketing strategy is winning the internet. 

Tarun Mehta shared a popular meme of a Pakistani cricket fan, Sarim Akhtar, in reaction to Kamath’s comment. Along with the popular meme, Mehta posted, “Marketing team be like ‘isko discount hi de dena chahiye tha’ (we should have given a discount to him).

Tarun Mehta responded to Nikhil Kamath's recent comments on social media, appreciating Ather products and making a light-hearted remark on the marketing strategy of the company.

“Everyone of us has pluses and minuses, Ather has sh*t marketing but great product (sorry Tarun). PS: I bought this scooter at MRP, Tarun didn’t give me a discount,” Nikhil Kamath posted on X.

“Will pick great products with terrible marketing every time, sales I hope can be solved for easier than product,” he added, recognising that Ather had great products but a poor marketing strategy.

Also Read | Sebi’s derivatives trading curbs defied by crypto platforms? Nithin Kamath flags

He also urged people to support homegrown Indian brands as his idea of patriotism. He highlighted the importance of homegrown products such as clothes, jewellery, food, auto parts, and shoes over foreign goods.

#Patriotism is a different thing to different people, mine today seems to be to dream of young Indian products and entrepreneurs killing it inside and outside India. Enough of the foreign franchise is better, clothes, jewellery, food, auto, content, shoes, and just about everything else,” his post read.

Also Read | With Rizta, Ather looks to bond better with family scooter mkt

Zerodha has invested around 400 crore in Ather Energy by acquiring Flipkart co-founder Sachin Bansal’s stake, according to a report by Motilal Oswal Financial Services.

On his investment in Ather, Kamath said, “For me, it was about supporting Indian talent and backing a company with a vision of sustainable transportation.”

Ather Energy was founded by Tarun Mehta and Swapnil Jain in 2013 after graduating from the Indian Institute of Technology, Madras. The company recently announced its plan to set up a plant in Maharashtra costing over 2000 crore. The other two plants are located in Hosur, Tamil Nadu.

Also Read | Ather Energy to invest ₹2,000 crore to set up third plant in Maharashtra

The Zerodha co-founder also appreciated government policies such as FAME II and the Electric Mobility Promotion Scheme (EMPS)

“....when it comes to EV scooters, Indians are embracing the change faster than expected due to economic viability and the govt backed schemes like FAME II and Electric Mobility Promotion Scheme (EMPS),” said Kamath.

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.MoreLess
First Published:11 Jul 2024, 11:46 AM IST
HomeCompaniesNews‘Isko discount hi de dena…,’ Ather CEO Tarun Mehta responds to Nikhil Kamath’s dig on marketing strategy

Most Active Stocks

Indian Oil Corporation

174.50
03:59 PM | 11 JUL 2024
2.55 (1.48%)

Tata Steel

169.00
03:58 PM | 11 JUL 2024
1 (0.6%)

Bharat Petroleum Corporation

306.60
03:59 PM | 11 JUL 2024
6.25 (2.08%)

Oil & Natural Gas Corporation

304.80
03:57 PM | 11 JUL 2024
6.75 (2.26%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Gujarat Pipavav Port

236.60
03:58 PM | 11 JUL 2024
16.85 (7.67%)

Oil India

551.45
03:58 PM | 11 JUL 2024
38.7 (7.55%)

Mazagon Dock Shipbuilders

5,739.10
03:55 PM | 11 JUL 2024
383.7 (7.16%)

Great Eastern Shipping Company

1,455.65
03:58 PM | 11 JUL 2024
93.9 (6.9%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    73,705.000.00
    Chennai
    74,722.000.00
    Delhi
    73,705.000.00
    Kolkata
    74,722.000.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsCibilPremiumMint Shorts