EV maker Ather Energy Q1 losses narrow by 71% to Rs 51 Cr

Electric two-wheeler manufacturer Ather Energy’s consolidated net loss narrowed by 71% to Rs 51 crore for the quarter ended June 2026 (Q1 of FY27) from Rs 178 crore a year ago. It reported a consolidated total income of Rs 1,260 crore for the quarter, up by 87.2% YoY, thanks to a growing contribution from non-vehicle revenue including software subscriptions, charging, accessories, spares, and service.

The quarter also saw consolidated EBITDA turn positive at Rs 9 crore in Q1 FY27, compared with an EBITDA loss of Rs 106 crore in Q1 FY26, according to the company statement. Ather said it delivered 83,173 units during the quarter, up 80.5% YoY.

"We continued to see strong demand across our portfolio, as structural tailwinds from both policy support and shifting customer sentiment translated into a massive upsurge for our products, with demand far outstripping supply. This gives us confidence that the market continues to expand,” said Tarun Mehta, Co-founder and CEO, Ather Energy. 

“In the coming months, we are particularly excited about our new product on the EL platform, commencing production alongside the scale-up of our new factory at AURIC. Together, they position us well for the next phase of Ather's growth,” he added. 

Ather's Factory 3.0 at AURIC in Chhatrapati Sambhaji Nagar’s Phase 1, with an annual production capacity of 500,000 units, is expected to start production during Q3 FY27. Upon completion of Phase 1 and 2 at AURIC, Ather's total installed annual production capacity across its manufacturing facilities will reach 1.42 million electric two-wheelers.

The company also added that the demand for electric vehicles has increased over the last quarter, with industry registrations increasing 68% YoY to approximately 525,000 units, per Vahan data. EV penetration also crossed 10% for the first time in June 2026.