Ather Energy shares jump over 9%, hit 52-week high on Muhurat Trading day

At close, the stock settled at ₹788 per share on the National Stock Exchange, gaining 9.11%.

Over the past five trading sessions, shares of the two- and three-wheeler maker have gained 28%, while rising 33.2% over the past month. The stock has surged an impressive 141% since its NSE listing at ₹328 per share.

The company has a market capitalisation of ₹29,969.55 crore.

Here are some latest developments to know:

Electric two-wheeler maker TVS Motor Company has crossed a major production milestone with the rollout of its 500,000th scooter from its manufacturing plant in Hosur, Tamil Nadu, the firm said on October 6.

The milestone vehicle was the Ather Rizta, the company’s family scooter that has become a key growth driver since its launch last year.

“Crossing 500,000 scooters is a major milestone for Ather. From our very first prototype to today, our journey has been about building not just vehicles, but a scalable, reliable, and consistent manufacturing ecosystem,” said Swapnil Jain, co-founder and CTO of Ather Energy.

He said the achievement reflects years of focused engineering, rigorous testing, and meticulous attention to quality, along with the trust of the company’s growing customer base.

The company currently operates two manufacturing facilities in Hosur, one for vehicle assembly and another for battery production, with a combined capacity of 4.2 lakh scooters a year.

The company currently operates two manufacturing facilities in Hosur, one for vehicle assembly and another for battery production, with a combined capacity of 4.2 lakh scooters a year.

Ather is also setting up a third manufacturing facility in Bidkin, AURIC, Chhatrapati Sambhajinagar, Maharashtra, which will be developed in two phases under Industry 4.0 principles. Once fully operational, the manufacturing facility will take Ather’s total annual capacity to 1.42 million electric scooters across all locations.

Founded in 2013, Ather Energy is among India’s leading electric two-wheeler manufacturers, competing with players such as Ola Electric and TVS Motor in the fast-growing EV segment.

Last month, Ather Energy Ltd said it has deferred demand incentive claims worth ₹26.25 crore under the government’s PM E-DRIVE scheme after supply chain disruptions forced temporary deviations from local sourcing norms.

The Bengaluru-based company said China’s export ban on certain heavy rare earth magnets had disrupted the global supply chain, impacting Ather’s traction motor manufacturing process.

As a result, its motor suppliers had to make “temporary adjustments and deviations” from the Phased Manufacturing Program (PMP) guidelines, particularly concerning the domestic fitment of magnets.

The company said the temporary change could affect its ability to submit demand incentive claims for up to 52,500 electric scooters manufactured or to be manufactured under the PM E-DRIVE scheme.

For the first quarter of the current fiscal year (Q1 FY26), Ather Energy reported a net loss of ₹178.2 crore against a net loss of ₹183 crore posted in the year-ago period.

The company's revenue climbed 79% year-on-year (YoY) to ₹644.6 crore during the June quarter from ₹360.5 crore in Q1 FY25. Further, its total income increased to ₹672.9 crore during the reporting quarter, up 82.6% from ₹368.4 crore in the same quarter last year.

Ather Energy's earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss were at ₹134.4 crore in Q1 FY26, up from ₹128.4 crore posted in Q1 FY25.