Ather Energy Crosses 5 Lakh Electric Scooter Milestone, Shares Rise 4.55%

Bengaluru, October 6, 2025: Ather Energy Limited (NSE: ATHERENERG, BSE: 544397) celebrated a major manufacturing milestone on Monday, rolling out its 500,000th electric scooter from its Hosur facility. The milestone vehicle, Rizta, reflects the growing significance of Ather’s flagship family scooter within its expanding product range.

The production landmark underscores Ather Energy’s progressive scale-up in India’s burgeoning EV two-wheeler market. The company currently operates with an annual manufacturing capacity of 420,000 units. To meet rising demand, Ather is establishing a new facility, Factory 3.0, at Bidkin, Chhatrapati Sambhajinagar, which will boost overall capacity to 1.42 million scooters per year once fully operational.

Listed on the NSE under ticker ATHERENERG and part of the NIFTY Smallcap 250 index, Ather continues to consolidate its market position amidst increasing competition in India’s premium electric scooter segment.

Company Statement

On this achievement, Co-founder and CTO at Ather Energy, Swapnil Jain, said: “Crossing 5,00,000 scooters is a major milestone for Ather. From our very first prototype to today, our journey has been about building not just vehicles, but a scalable, reliable, and consistent manufacturing ecosystem. This reflects years of engineering excellence and the trust of our owner community.”

Growth Strategy

The new Factory 3.0 at Maharashtra’s AURIC industrial estate for Ather will be constructed on Industry 4.0 lines, incorporating digital technologies at every manufacturing step. Upon completion, the addition will increase Ather’s installed manufacturing capacity to 1.42 million two-wheeler units per year, solidifying its footprint across both metro and tier 2/3 locations throughout India.

Market Response

Shares of Ather Energy Limited closed at ₹620 on 6 October 2025, gaining 4.55% for the day. The stock opened at ₹591.80, reaching an intraday high of ₹624.90 and a low of ₹582.00. Ather Energy Limited currently has a market capitalisation of ₹23,630 crore. Over the past 52 weeks, the stock has traded between ₹288.15 and ₹624.90, reflecting significant volatility and investor interest in India’s premium electric vehicle segment.

REF: https://nsearchives.nseindia.com/corporate/ATHERENERGY_06102025120308_TofilePressrelease06102025Signed.pdf

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