Ather Energy reported a reduced net loss of ₹84.6 crore for the quarter ending December 2025, a significant improvement from the ₹197.5 crore loss in the same period last year. This was driven by a 50% year-on-year increase in electric scooter sales, reaching a record 67,851 units. The company's revenue grew 53% to ₹995.7 crore, with non-vehicle revenue contributing 14% of the total. Ather also expanded its retail network to 600 outlets.
Ather Energy's narrowing losses and strong sales growth indicate a strengthening position in India's competitive electric two-wheeler market. The increasing contribution of non-vehicle revenue and retail expansion suggest a maturing business model, posing a greater challenge to rivals like Ola Electric and TVS.
Quarterly net loss narrowed to ₹84.6 crore from ₹197.5 crore year-over-year.
Record quarterly sales of 67,851 electric scooters, a 50% YoY increase.
Quarterly revenue grew 53% YoY to ₹995.7 crore.
Ather's strong performance in India's rapidly growing EV two-wheeler market sets a precedent for other APAC emerging economies like Vietnam and Indonesia, which also rely heavily on two-wheelers. Its success could attract further regional investment into EV infrastructure and manufacturing, influencing market strategies for major players like Hero MotoCorp and TVS, who have significant APAC footprints. This trend highlights the potential for Indian EV models to scale across the region.
Quarterly revenue grew 53% YoY to ₹995.7 crore.
Retail network expanded to 600 outlets with the addition of 76 new centers.
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