Ather Energy Ltd, a manufacturer of electric two-wheelers, reported on Monday that its consolidated net losses for the June quarter decreased to 51.09 crore rupees, driven by strong sales figures.
In the same period last fiscal year, the company recorded consolidated net losses of 178.23 crore rupees, as stated in the company's regulatory filings.
In the first quarter, wholesale sales reached 83,173 units, significantly exceeding the 46,078 units from a year ago, demonstrating an 81 percent growth, according to data presented by the company at an investor presentation.
However, total expenses in the first quarter were higher at 1,310.74 crore rupees compared to 851.14 crore rupees for the same period a year earlier.
Commenting on the results, co-founder and CEO of Ather Energy, Tarun Mehta, noted that demand for the entire product portfolio remains high. He attributed this to structural positive factors stemming from both government support and changing consumer sentiment, which led to a sharp increase in demand that significantly outpaced supply.
Mehta added that such a situation instills confidence in the continued market expansion. He also expressed enthusiasm for a new product on the EL platform, production of which will begin concurrently with the scaling up of a new factory in AURIK (Maharashtra). These steps, in his opinion, position the company well for the next stage of Ather's growth.
Ather Energy announced that it will unveil the first production scooter on its brand new EL platform on August 29, 2026, during the Ather Community Day 2026 event.
