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.
What happened
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,
Key facts
- 28,240 units May
- 14,101 units YoY
- 1.53% market share
- 0.82% prior share
- 9.25% EV penetration
- 11% overall EV penetration
- 18,44,947 two-wheeler retails
- 7.54% YoY growth
- Rs 1,050 share price
- 242.82% 12M return
Why this matters
With industry EV penetration leaping from 6.11% to 9.25% YoY, the window is closing for legacy ICE OEMs to acquire or partner with credible electric two-wheeler platforms before valuations re-rate further.