Ather Energy stock doubles-plus in a year as FY26 sales hit record 262,942 units
Ather Energy shares are up ~200% over 12 months, hitting a 52-week high of Rs 1,069. FY26 delivered record sales of 262,942 units (+69%) and total income of Rs 3,823 crore (+66%). Retail network expanded to 700 Experience Centres from 351, plus 548 service centres and 6,000+ charging points. Analysts flag Buy calls with a target of Rs 1,150.
What happened
Ather Energy stock up ~200% in a year amid rising EV two-wheeler adoption. FY26 delivered record sales of 262,942 units and Rs 3,823 crore income; retail
Key facts
- stock up ~200% in 1 year
- 52-week high Rs 1,069
- Q4FY26 sales 83,418 vehicles up 76% YoY
- Q4FY26 revenue Rs 1,214 crore
- FY26 sales 2,62,942 units up 69%
- FY26 total income Rs 3,823 crore up 66%
- 700 Experience Centres from 351
- 548 service centres
- 6,000+ charging points
- target price Rs 1,150
Why this matters
Ather's doubling of Experience Centres and record FY26 volumes signal an EV two-wheeler player consolidating share fast—worth watching for partnership, supply-chain, or charging-network tie-up opportunities.
What to watch
- Monthly EV two-wheeler registration and share numbers
- FAME-III / PLI / state subsidy policy announcements
- Battery cell/lithium cost trends
- Competitor pricing and launch actions (Ola, TVS, Bajaj)
- Any post-IPO lock-in expiry or promoter/PE selling
- Analyst target revisions relative to Rs 1,150
- Watch for Ather quarterly EBITDA/margin disclosure to validate growth-vs-profitability thesis
- Track monthly VAHAN registration data for market-share shifts vs Ola, TVS, Bajaj
- Monitor new model launch cadence and price positioning
- Assess service-center and charging-network utilization economics as capex scales