Ather doubles Experience Centre network to 700 as FY26 e-scooter sales rise 69%
Ather Energy sold 262,942 electric two-wheelers in FY26, lifting total income 66% to ₹3,823 crore. Its Experience Centre count reached 700 from 351 a year earlier, alongside around 548 service centres and 6,000-plus charging points. A Maharashtra plant is targeted to add capacity of 42,000 units a month by FY27.
What happened
Ather Energy reported strong FY26 sales and revenue growth, narrowed losses and expanded to 700 Experience Centres. Analysts expect its Maharashtra plant and
Key facts
- Ather shares rose nearly 200% over one year
- Q4FY26 vehicle sales: 83,418, up 76% YoY
- Q4FY26 revenue: Rs 1,214 crore
- Adjusted gross margin: 25%, versus 18% a year earlier
- Q4FY26 EBITDA loss: Rs 30 crore; EBITDA margin: -2.5%
- FY26 sales: 2,62,942 electric two-wheelers, up 69%
- FY26 total income: Rs 3,823 crore, up 66% YoY
- Experience Centres: 700, versus 351 a year earlier
- Service centres: around 548
- LECCS charging access: more than 6,000 points
- Maharashtra facility capacity potential: 42,000 units per month by FY27
Why this matters
Ather’s rapid physical-network buildout makes dealership, service, charging and regional-market partnerships increasingly strategic, particularly ahead of the Maharashtra plant’s planned FY27 capacity addition.
What to watch
- Monthly VAHAN registrations versus Ather's FY26 growth rate and versus TVS, Bajaj, Ola and Hero Vida.
- Same-store sales productivity, delivery lead times and dealer inventory days after the network doubling.
- Service turnaround time, customer complaints, spare-parts availability and service-centre additions relative to vehicle sales.
- Maharashtra plant commissioning milestones, supplier localization and monthly output ramp toward 42,000 units.
- Retail financing approval rates, EV subsidy/policy changes and battery-cell input cost trends.
- Evidence of price cuts or elevated incentives across the electric scooter category.
- Prioritize Experience Centre additions in cities where service coverage and charging density can support higher vehicle parc.
- Increase dealer inventory financing and retail finance partnerships to reduce purchase friction and sustain conversion.
- Expand technician hiring, spare-parts stocking and mobile service capacity ahead of the sales ramp.
- Use the 700-store network for accessories, extended warranties, software features and replacement-cycle upgrades.
- Phase Maharashtra capacity commissioning against verified order backlog rather than headline capacity targets.