Ather Energy, India’s leading electric two-wheeler maker, reported a robust Q2 FY26 performance, achieving its highest-ever quarterly revenue of ₹940.7 crore, up 57% year-on-year and 40% sequentially. The company’s market share rose to 17.4%, driven by record sales of 65,595 units — a 67% increase over last year — backed by expanding reach, diversified products, and a strong technology platform.
EBITDA losses reduced sharply, with margins improving by over 1,100 basis points year-on-year to (10%), while losses narrowed to ₹90.7 crore. Adjusted gross margin climbed to 22%, aided by value engineering, richer product mix, and growing non-vehicle revenues, which now form 12% of total income, led by software subscriptions, charging, and accessories.
Regionally, Ather maintained leadership in South India with a 25% market share, up from 19.1% a year ago. Middle India emerged as the fastest-growing region, expanding its share to 14.6% from 8.8%, supported by strong traction in Gujarat, Maharashtra, and Madhya Pradesh. The Rest of India segment also showed healthy gains, rising to 10% market share from 6.1%.
Operationally, Ather added 78 new Experience Centres in the quarter, taking its retail network to 524 across India. Its Ather Grid charging network expanded to 4,322 points across India, Nepal, and Sri Lanka. The launch of AtherStack 7.0 and growing adoption of AtherStack Pro (89% of customers) reinforced its position as a leader in connected EVs.
Tarun Mehta, CEO, Ather Energy, said the quarter reflected strong execution and progress toward profitability, with broad-based growth across all regions and positive momentum from the new Rizta model and ongoing retail expansion.
