Ather Energy closed the FY26 with a market share of 18.6 percent in the electric two-wheeler industry in India
Ather Energy, the Bengaluru-based all-electric brand, has registered its best-ever sales performance in FY26. The company sold 2,62,942 units in the last fiscal, up by 69 percent on a YoY basis. It recorded quarterly volumes of 83,418 units in Q4 with a YoY growth of 76 percent. The e2w brand had its highest-ever total income of Rs 3,823 crore, up by 66 percent in FY26. Ather Energy said that this record performance is a result on geographic expansion, rapidly scaling retail footprint, and the continued strong performance of Rizta family scooter Rizta.
Ather almost doubled its dealership network to 700 touchpoints in FY26 while it had 351 retail showrooms at the end of FY25. The service network too expanded rapidly to approx 548 service centres in FY26, which is nearly 2 times as compared to its FY25 footprint. The charging ecosystem was also scaled significantly during the last financial year as customers now have access to over 6,000 charging points.
The central India witnessed the fastest growth with the market share rising to 17.3 percent in Q4 FY26 from 9.5 percent a year ago in the electric two-wheeler segment. As for the rest of India, it grew to 12.1 percent in Q4 FY26 from 6.5 percent in Q4 FY25. The southern India remained to be the strongest region for the brand as it retained the leadership position with a 23.5 percent market share in Q4 FY26.
Tarun Mehta, Co-founder & CEO, Ather Energy, said, “FY26 has been a fantastic year for us across volumes, market share, and financial performance. We focused on building demand through strong product-led growth and scaling it through distribution. Rizta helped us unlock a much larger addressable market, and with that, we expanded our retail network. That demand translated into strong volume growth and better unit economics.”
Recently, the brand’s EL01 low-cost mass-market electric scooter was spotted testing for the first time on the Indian roads. Based on the EL01 concept, which debuted in Aug 2025 at the Annual Community Day, it is likely to launch in the last quarter of 2026. The electric scooter will ride on 14-inch front and 12-inch rear alloy wheels. The EL01 will come with a swingarm-mounted electric motor, big LED DRL and LED tail-lamp cluster.
Some of the notable features onboard Ather EL01 will be Advanced Electronic Braking System (AEBS), Ather Charge Drive Controller (on-board charger), AtherStack 7.0 with voice commands and 7-inch instrument console with TFT display. It could borrow the 2.9 kWh and 3.7 kWh battery packs from the Rizta family e-scooter with approx range of 123 km and 159 km, respectively.
