Ather Energy shares up 27% in 2026; what factors are fuelling the EV stock gains?

Ather Energy shares rose over 9.8% to hit their fresh 52-week high of ₹948 on April 13, 2026, while the 52-week low level was at 288.15 on May 7, 2025. The EV automaker’s stock was listed in the BSE and NSE indices on May 6, 2025, and since then, the shares have been rallying on the Indian stock market.

Why are Ather Energy shares rising today?

Ather Energy shares surged during the trading session on April 13, after investors showed strong buying interest in the EV stock, with trade volumes surging over 12 million, indicating high volume gains.

As of 12:36 am, Ather shares were trading 8.45% higher at ₹936 on Monday, compared to ₹863.05 at the previous stock market close, according to NSE data.

The technicals showed that the 14-day average on the Relative Strength Index (RSI) was around the 52 levels on the intraday chart, indicating the stock was witnessing high momentum as it is poised to enter the overbought region as of 12:36 am.

Aside from the technical and value buying cues, the government's newly proposed EV policy 2.0 has also likely served as the momentum trigger for the rise in the company’s stock on Monday’s market session.

According to the Economic Times report, two-wheeler petrol-powered vehicles will no longer be eligible for registration in the National Capital Territory (NCT) of Delhi, effective from April 1, 2028, under the proposed EV policy 2.0 norms.

This policy from the government, if implemented, will only allow electric two-wheelers for registration from the beginning of the financial year 2028-29, a move beneficial for EV stocks.

Reports on reducing Aluminium usage

Media reports suggest that Ather plans to reduce its aluminium usage in manufacturing its electric scooters as the company plans to reduce costs and improve its margins amid the ongoing supply chain disruptions.

Ather’s co-founder and CTO, Swapnil Jain, told the news portal, Business Standard, that the company’s 450 series EV scooters were built with “relatively high” aluminium content to deliver a lightweight and high-performance product, but the company is now calibrating its approach towards practical and family-oriented vehicles.

“High aluminium was meant for a nimble, high-performance product. A high-performance family vehicle doesn’t necessarily need all of that,” Jain told the news portal, emphasising that the move will have meaningful cost cuts.

Ather’s charging infrastructure

Earlier this year in January, Ather Energy announced that the company had given its customers access to more than 5,000 public chargers, which are equipped with the Light Electric Combined Charging System (LECCS) connectors, which are needed to charge their two-wheelers.

“This network spans across 395+ cities and includes 3,675+ fast chargers directly operated by Ather Energy, complemented by 1400+ chargers through partner networks,” the company said in the exchange filing.

Cities like Bengaluru, Pune, Chennai, Delhi, Hyderabad, and Mumbai were among others, which now have Ather’s charging infrastructure, as the company aims to keep its focus on expanding its network across highways and intercity corridors, along with cities and towns.

Service network expansion

On March 17, Ather announced that the company had successfully expanded its service network to 500 authorised centres across India, according to an exchange filing.

“In FY26, Ather Energy nearly doubled its service network, expanding from 277 to 500 service centres and significantly increasing its service footprint. These initiatives reflect Ather’s ongoing focus on continuously improving the service experience at every touchpoint,” the EV scooter company said.

As of December 31, 2025, the company had 600 experience centres in India, across Tier-1, Tier-2, and emerging cities, as the company plans to end its financial year 2025-26 by scaling up the same to 700 in the country via its Ather Grid ecosystem.

On April 9, Ather announced that it had successfully doubled the number of its Experience Centres (ECs) to over 700 across India as of the end of the financial year 2025-26.

Ather Q3 results snapshot

In its October to December quarter financial results released on February 2, 2026, Ather Energy recorded a 57% reduction in its net losses to ₹84.6 crore for the fiscal year ending 2025-26, compared to ₹197.8 crore net loss in the same period a year ago, according to the NSE filing.

The company’s sharp reduction in net losses comes amid the two-wheeler EV maker posting its highest-ever revenue, with its strong quarterly performance and strategic expansion moves.

The financial statements showed that the revenue from core operations witnessed a 50% rise to ₹953.6 crore in the third quarter of FY2025-26, compared to ₹634.9 crore in the same period a year ago.

According to the filing data, Ather’s adjusted gross margins rose 111% YoY to ₹2551.3 crore, with market share expanding to 18.8% as of the third quarter results. On the backdrop of improving revenues and healthy margins, Ather Energy’s loss per share also reduced to 2.22 level, compared to 7.95 in the same period a year ago.

Ather Energy share price trend

Since its listing back in May 2025, Ather Energy shares have given the stock market investors more than 212% returns on their investment as of the date, and more than 27% returns on a year-to-date (YTD) basis so far in 2026.

Ather shares have risen 33.48% in one month, and are trading 19.90% higher over the last five market sessions on the Indian stock market, according to NSE data. The company’s market capitalisation (M-Cap) was trading around ₹36,147.31 crore as of the trading session on Monday, April 13, 2026.