Ather Energy’s Investor Presentation for the quarter and half-year ended September 30, 2026, reveals robust performance. The document highlights a significant +82% year-on-year growth in industry registrations and an increase in E2W penetration to 11.2% nationwide. Key product announcements, including Ather TrueHealth™, Ather Node™, and Ather Bedrock™, along with expanded production capacity at Hosur and AURIC, underscore the company’s strategic advancements and market positioning. The company also reported strong YoY wholesale volume growth of 42% and a 60% YoY registration growth.
Ather Energy Unveils Q2 FY27 Investor Presentation Highlighting Strong Growth and Innovations
Ather Energy has released its Investor Presentation for the quarter and half-year ended September 30, 2026, detailing substantial growth across key metrics and strategic product developments. The presentation, submitted to stock exchanges, underscores a vibrant market for electric two-wheelers (E2W) and Ather’s leading position within it.
Industry Growth and E2W Penetration Surge
The report indicates an impressive +82% year-on-year growth in overall industry registrations for E2Ws, demonstrating a strong consumer shift towards electric mobility. Nationwide E2W penetration has reached a new high of 11.2% as of Q2 FY27, up from 7.3% in Q1 FY25. Regional growth is also notable, with Middle India, South India, and Rest of India all experiencing significant increases in registrations.
Ather’s own performance reflects this trend, with a +94% YoY growth in Ather searches and a more than double increase in enquiries and pre-orders, both seeing a +109% and +108% YoY growth respectively in Q2 FY27.
Production Capacity Expansion and Wholesale Growth
To meet rising demand, Ather is scaling up its production capabilities. The company reported strong YoY wholesale volume growth of 42%, with units sold reaching 93k in Q2 FY27 compared to 66k in Q2 FY26. Production also saw a significant increase of 45% YoY, reaching 98.4k units.
Capacity enhancement at its Hosur facility and the new AURIC Phase 1 plant are progressing to capture the demand surge. By Q2 FY28, Ather aims to achieve a capacity of 1.14 Mn+ units.
Product Innovations and Ecosystem Development
The presentation also detailed several new product features and technologies, including:
- Ather TrueHealth™: A comprehensive health report for scooters.
- Ather Node™: Enabling scalable EV charging in apartments.
- Ather Bedrock™: 5th generation batteries with enhanced safety and a 10-year warranty.
- New Features: AutoLock™, MagicKey, AutoPop, and AirWalk™ aim to enhance user convenience and experience.
- Ather Community Day 2026: Showcasing community engagement and new developments.
The company is also focusing on an expanded scooter portfolio with models like 450, Rizta, and the newly introduced Konarc.
Financial Performance Highlights
Key financial highlights for Q2 FY27 include:
- Total Income: ₹1,527 Cr (+62% YoY)
- Units Sold: 93k (+42% YoY)
- Revenue from Operations per unit: ₹1,57,089 (+14.6% YoY)
- Adjusted Gross Margin (AGM): 24.0% (+160 bps YoY)
- EBITDA Margin: 4.9% (+1,450 bps YoY)
- Non-Vehicle Revenue: 15% (+270 bps YoY)
The average Ex-Showroom Price (ASP) across the country has seen a 14k increase, driven by high-range models and an improved skew, with Atherstack Pro Attach Rate at 94%. The company achieved a profitable quarter with a Profit of ₹1.26 Cr.
The document also addressed near-term headwinds in commodities like Aluminium, Copper, and Plastics, alongside strategies for market expansion and capacity enhancement to meet the surging demand.
Source: BSE
