Ather Energy shares jump over 4% on positive outlook; can Konarc EV power its momentum?

Two-wheeler electric vehicle (EV) manufacturer Ather Energy shares surged more than 4% during the trading session on Thursday, September 10, as investors focused on a positive outlook from global brokerages and the potential for the company’s latest launch, Konarc, to power growth momentum in the upcoming period.

NSE data showed that Ather Energy shares have risen 4.3% to touch an intraday high of ₹1,648.60 apiece on Thursday’s market, in comparison to ₹1,580 apiece at the previous equity market close.

Trading volumes of the stock surged to more than 5 million equity shares during the morning market hours on NSE and BSE combined.

Experts predict that the company’s new product offering, Konarc, can potentially power further growth amid key support from customer demand, higher oil prices, and favourable government policy measures due to India’s EV push.

At the end of August 2026, Ather launched its new mass-market scooter named Konarc, which is built on the new EL platform featuring its fifth-generation in-house Bedrock battery pack, which has a 10-year/1,00,000 km warranty.

Amid India’s push for EVs, customers generally look for affordable options with higher quality and features. With this new launch, Ather’s management expects to tap into a wider base of Indian riders while aiming to provide comfort, range, durability and ease of ownership.

On the financials front, Ather significantly cut down its net losses to ₹51.09 crore in Q1 FY27, from ₹178.23 crore net loss in the corresponding quarter of the previous fiscal year, with the help of nearly 89% growth in revenues.

Will Konarc drive momentum?

Experts from Japanese investment major Nomura, increasing its target price, predicted that Ather Energy’s latest Konarc EV scooter launch is expected to power more upside momentum for the company in the upcoming period.

“We now expect strong 54% revenue growth in FY27F, 100% growth in FY28F, and 31% growth in FY29F – an increase of 10-11%,” Nomura analysts said while highlighting that Ather’s premium valuation at 5-7x EV/sales should sustain.

The analysts also said that faster EV adoption strengthens Ather’s outlook for the upcoming period.

In line with the growth momentum factor, analysts from Citibank said that the EV maker Ather Energy is witnessing healthy demand, supported by favourable policy measures and the EV value proposition in the market.

The company’s management is looking at its Konarc scooter to expand its addressable market while taking pricing actions to mitigate commodity inflation headwinds.

On the manufacturing front, Citibank experts said that Ather’s capacity expansion is progressing as planned, and the management also highlighted its manufacturing flexibility and battery capabilities.

How have Ather shares performed?

NSE data showed that Ather Energy shares have delivered more than 202% returns to their investors in the last one-year period and have gained 121% on a year-to-date (YTD) basis so far in 2026.

The exchange data also showed that the EV company’s stock has risen 11.5% in one month, but was trading 0.1% lower over the last five market sessions. Since its IPO listing back on May 6, 2025, Ather Energy shares have rallied over 413% on NSE.

Ather Energy shares hit their 52-week high of ₹1,744 apiece on September 1, 2026, while the 52-week low was at ₹522 apiece on September 9, 2025.

The company’s market capitalisation (m-cap) was at ₹64,736 crore as of the trading session on Thursday, September 10, 2026.