Ather hits 90% capacity at Hosur, fast-tracks 42K/month Maharashtra plant for March 2027
FY26 volumes jumped 69% with revenue up 66% to ₹3,671 cr and losses narrowing 36% to ₹517 cr. Market share climbed to 18.6%, gross margin expanded 500 bps to 24%. Factory 3.0 in Chhatrapati Sambhajinagar will triple footprint as Hosur runs supply-constrained.
The development
Ather Energy's Hosur plant hit 90% utilisation after 69% FY26 volume jump; revenue rose 66% to ₹3,671 cr, losses narrowed. New Maharashtra Factory 3.0 (42,000 units/month) goes live March 2027, funded by fresh capital raise.
The numbers
- 90% capacity utilisation
- 69% YoY volume growth FY26
- revenue ₹3,671 crore (+66%)
- net loss ₹517 crore (-36%)
- Q4 volume 83,418 units
- Factory 3.0 capacity 42,000 units/month
- operational by March 2027
- market share 18.6% FY26
- Middle India share 17.3% Q4
- gross margin +500 bps to 24%
- share price ₹1,009 vs IPO ₹321
Why it matters to operators and investors
With Ather supply-constrained and tripling footprint, now is the window to lock in component supplier tie-ups, battery cell offtake, or Maharashtra-adjacent logistics partnerships before the 42K/month plant reshapes vendor leverage.