Ather Energy sells 11,754 units in March '23, registers 353% YoY growth

Bengaluru-based smart electric scooter manufacturer Ather Energy sold 11,754 units in March '23, registering a 353 percent year-on-year growth. It retailed 82,146 units in FY’23.

The company has expanded its retail footprint from 30 stores to 116 currently. For faster adoption of EVs, Ather set up an additional 911 public fast-charging points in FY23 and now has 1224 grids across the country, making it India’s largest
fast-charging network for 2-wheelers, as claimed by the company. 

Ravneet Singh Phokela, Chief Business Officer, Ather Energy said that FY23 had been 'phenomenal' for the electric vehicle industry, with 2W EVs 'expectedly leading the way'. 

He added, "At Ather, we witnessed significant growth, with retail sales of 82,146 vehicles. This is despite a very soft first 6 months in this FY on account of chip shortage that severely limited our production volumes. We close this year strongly with 11,754 units delivered in March, a 353% year-on-year growth, and we expect this momentum to continue in FY24". 

Last month announced a partnership with Southern Railways, to set up electric vehicle charging stations across 10 Mass Rapid Transit System (MRTS) and Suburban stations in Chennai.