Ather Energy May sales nearly double to 28,240 units as fuel hike accelerates EV shift
Ather's May registrations jumped to 28,240 units from 14,101 a year ago, lifting market share to 1.53% from 0.82%. Industry-wide two-wheeler EV penetration climbed to 9.25% from 6.11% YoY, with FADA citing the recent fuel-price hike as a key catalyst. Shares rose 3% to Rs 1,050, up 242.82% over 12 months.
Ather Energy shares rose 3% as May sales nearly doubled to 28,240 units, lifting two-wheeler market share to 1.53%. A fuel-price hike accelerated EV shift, pushing overall two-wheeler EV penetration to 9.25% from 6.11% YoY.
Why this matters
Builds on Ather's Q4 momentum where revenue surged 74% and losses narrowed, plus its push into insurance. Reinforces broader trend of e-scooters gaining as second household vehicles.
Retail-brand signals steady at 1,238 over 90 days, with EV two-wheelers driving outsized momentum.