Ather nearly doubles Experience Centre network to 700 as FY26 sales rise 69%

Ather Energy expanded its Experience Centre footprint from 351 to 700 in a year, alongside FY26 electric two-wheeler sales of 262,942 units. The EV maker also plans Maharashtra capacity of up to 42,000 units a month by FY27.

— FiledMon, 27 Jul, 2026, 07:18 IST·First seen Mon, 27 Jul, 2026, 07:18 IST·Source Financial Express · BrandWagon

What happened

Ather Energy posted record Q4FY26 sales and revenue, improved margins and sharply narrowed EBITDA losses. Its retail footprint reached 700 Experience Centres,

Key facts

  • Q4FY26 sales: 83,418 vehicles, up 76% YoY
  • Q4FY26 revenue: Rs 1,214 crore
  • Adjusted gross margin: 25%, versus 18%
  • EBITDA loss: Rs 30 crore; EBITDA margin: -2.5%
  • FY26 sales: 262,942 electric two-wheelers, up 69%
  • FY26 total income: Rs 3,823 crore, up 66% YoY
  • Experience Centres: 700, versus 351 a year earlier
  • Service centres: about 548
  • Charging points: over 6,000
  • Maharashtra facility capacity potential: 42,000 units per month by FY27

Why this matters

Ather’s rapid footprint build and Maharashtra manufacturing plan create opportunities to secure retail-site, dealer, charging and local supply-chain partnerships ahead of the FY27 ramp.

What to watch

  • Monthly Ather registrations and market-share movement versus Ola Electric, TVS, Bajaj and Hero MotoCorp.
  • Average unit sales per Experience Centre, dealer additions versus closures, and evidence of inventory discounting.
  • Service turnaround times, customer complaint trends and spare-parts availability as the network scales.
  • Maharashtra plant construction milestones, capacity commissioning schedule and utilization disclosures.
  • Electric two-wheeler incentive, tax, battery-safety and financing-policy changes.
  • Gross-margin and EBITDA trajectory, including retail-expansion costs and dealer incentive spending.
  • Prioritize new Experience Centres in high two-wheeler-density tier-2 and tier-3 markets where charging and service availability remain purchase barriers.
  • Increase service-bay capacity, mobile service coverage and spare-parts fill rates so network growth does not weaken customer experience.
  • Use localized financing, exchange offers and fleet/corporate partnerships to raise throughput at newly opened centres.
  • Stage Maharashtra capacity additions against confirmed retail demand and dealer inventory turns rather than installing full capacity immediately.
  • Expand charging visibility and interoperability partnerships around new retail clusters to reinforce Ather's ownership proposition.