CHANDIGARH: Ather Energy has reached a remarkable milestone by achieving its highest monthly dispatches in October 2024, shipping over 20,000 electric scooters across India. This achievement marks a significant increase compared to previous months, showcasing the growing demand for electric vehicles in the country.
A key factor behind this surge is the introduction of the new family-oriented model, the Ather Rizta. The Rizta has emerged as a standout performer, contributing approximately 60% to 70% of the total monthly sales. The company has reported that retail sales of its scooters totaled 20,000 units as of October 30, significantly enhancing its market presence.
This surge in sales aligns with a broader trend in the Indian electric vehicle market, which saw approximately 70% year-on-year growth in October. Ather Energy’s previous performance in September had already set a precedent, with sales reaching 12,828 units, helping to increase its market share from 7.9% in July to 14.3% in September.
In addition to this sales success, Ather Energy is expanding its operational capabilities. The company has filed for an initial public offering (IPO) aiming to raise Rs 4,500 crore and is enhancing its infrastructure with 231 Experience Centres and 2,500 fast-charging stations nationwide. Ather is also planning a new manufacturing facility in Maharashtra to support its growing production needs.
