Ather FY26 sales rise 69% as Experience Centre network reaches 700

Ather Energy reported FY26 electric two-wheeler sales of 262,942, up 69% year on year, while total income grew 66% to Rs 3,823 crore. Its Experience Centre count nearly doubled to 700, and the company is targeting 42,000 units of monthly capacity in Maharashtra by FY27.

— Filed Sun, 16 Aug, 2026, 06:01 IST · First seen Sun, 16 Aug, 2026, 06:00 IST · Source Financial Express · BrandWagon

What happened

Ather Energy reported strong FY26 electric two-wheeler sales and revenue growth, alongside improved margins and a sharply expanded Experience Centre network.

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 points: over 6,000
  • Greenfield Maharashtra capacity target: 42,000 units per month by FY27
  • Share price gain: nearly 200% in one year
  • 52-week high: Rs 1,069; low: Rs 318.60

Why this matters

Ather’s 700-centre footprint and planned 42,000-unit monthly capacity create strategic scale in India’s EV ecosystem, strengthening its appeal for partnerships across retail, charging and manufacturing.

What to watch

  • Monthly registrations and Ather's electric two-wheeler market share versus Ola Electric, TVS, Bajaj and Hero MotoCorp.
  • Average sales per Experience Centre, same-store sales growth and the proportion of outlets reaching operational breakeven.
  • Discounting intensity, financing offers and new model launches from major competitors.
  • Gross margin, EBITDA loss, inventory levels, dealer receivables and operating cash burn in subsequent results.
  • Ramp timing, utilization and capex requirements for the planned 42,000-unit monthly Maharashtra capacity.
  • Customer delivery times, service turnaround, complaint trends and spare-parts availability as the network scales.
  • Prioritize Experience Centre productivity through test-ride conversion, service turnaround time and sales-per-store targets rather than adding outlets solely for reach.
  • Use the Maharashtra capacity build-out to lower logistics costs and improve delivery lead times in western and central India.
  • Expand financing, exchange and fleet partnerships to reduce upfront-price friction and raise conversion rates.
  • Increase parts availability and technician capacity to prevent service quality deterioration as the installed vehicle base expands.
  • Defend premium positioning with software, charging, safety and after-sales features while selectively using targeted promotions instead of broad price cuts.