Ather Energy hit a major milestone in October, dispatching over 20,000 scooters across India—the company’s highest monthly figure to date. The recent launch of the Rizta family scooter played a pivotal role, accounting for approximately 60-70% of this month’s volume. By October 30, Ather’s nationwide retail sales had also reached the 20,000 mark, showcasing impressive growth over previous months.
Rising Market Share and Growing EV Demand
Following a strong retail performance in September with 12,828 units sold, Ather’s market share surged from 7.9% in July to 14.3% in September, marking a substantial increase within the electric vehicle (EV) market. This growth aligns with India’s expanding EV demand, which saw an impressive 70% year-on-year growth in October, reflecting rising consumer interest in sustainable transportation options.
Expanding Infrastructure and IPO Filing
In addition to its growing sales figures, Ather Energy has continued to strengthen its national presence. Currently, it operates 231 Experience Centres and 2,500 fast-charging stations across the country, providing enhanced accessibility for EV users. Ather recently filed for a Rs 4,500 crore Initial Public Offering (IPO), signaling further plans to scale operations and invest in future growth.
Manufacturing Expansion Plans
Ather’s manufacturing facility in Hosur, Tamil Nadu, supports its production needs and helps meet increasing demand. To sustain its growth trajectory, Ather is setting up a second manufacturing plant in Chatrapati Sambhaji Nagar, Maharashtra, aimed at enhancing production capacity and supporting a growing customer base across India. This expansion highlights Ather’s commitment to meeting the surging demand for electric vehicles while solidifying its presence in the Indian EV market.
