Ather doubles Experience Centre network to 700 as FY26 sales rise 69%, resurfacing a June update

Resurfacing a June disclosure, Ather Energy reported FY26 electric two-wheeler sales of 262,942 and total income of Rs 3,823 crore, while expanding its Experience Centre network from 351 to 700. The company is also building Maharashtra capacity targeted at 42,000 units a month by FY27.

— Filed Tue, 18 Aug, 2026, 05:31 IST · First seen Tue, 18 Aug, 2026, 05:30 IST · Source Financial Express · BrandWagon

What happened

Ather Energy posted strong FY26 sales and revenue growth, improved margins and a sharply expanded Experience Centre network. The EV maker plans Maharashtra

Key facts

  • 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 electric two-wheeler sales: 262,942, up 69% YoY
  • FY26 total income: Rs 3,823 crore, up 66% YoY
  • Experience Centres: 700, versus 351 a year earlier
  • Service centres: about 548
  • LECCS charging access: over 6,000 points
  • Maharashtra greenfield capacity: 42,000 units per month by FY27
  • Share gain: nearly 200% over one year; about 35% in 2026
  • 52-week high: Rs 1,069; 52-week low: Rs 318.60

Why this matters

Ather’s expanded physical network and planned 42,000-unit monthly Maharashtra capacity make it a more consequential EV ecosystem partner and competitive target in two-wheelers.

What to watch

  • Monthly registrations and Ather's electric two-wheeler market share after the network expansion.
  • Sales per Experience Centre, dealer inventory days and closure/relocation rates.
  • Maharashtra plant commissioning milestones, utilization and capex versus plan.
  • Gross-margin trend, discounting, marketing expense and cash burn.
  • Competitive price cuts, new scooter launches and changes to EV subsidies or financing rates.
  • Service capacity, customer wait times, charging-network growth and quality/reliability indicators.
  • Prioritize outlet productivity through local financing partnerships, test-ride conversion programs and service turnaround metrics.
  • Sequence Maharashtra capacity commissioning against confirmed demand rather than maximizing nameplate output immediately.
  • Expand charging, roadside assistance and connected-service offerings to raise ownership confidence and recurring revenue.
  • Use the larger retail footprint to launch higher-margin variants, accessories and fleet/enterprise sales packages.
  • Tighten dealer economics and inventory controls as the network scales into lower-volume markets.