Ather Energy records exponential growth with retail sales of 82,146 vehicles

·        Sold 11,754 units in March ‘23, registering a 353% year-on-year growth

·        Retailed 82,146 units in FY’23

·        Inaugurated 8 new ECs during the month

Telugu super news, Hyderabad,April 12,2023:Ather Energy, India’s leading electric scooter manufacturer announced a series of major milestones for the fiscal year 2022-23. It records sales figures, an ambitious new partnership, and expanded retail and charging infrastructure.

The company has reported that it retailed an impressive 82,146 units during the fiscal year, despite facing production challenges in the first six months due to chip shortages. This figure represents a significant year-on-year increase for Ather, and demonstrates the continued growth of the EV industry in India.

In March 2023, Ather delivered 11,754 units, a remarkable 353% year-on-year growth. This strong performance in the final month of the fiscal year bodes well for the company’s future prospects, as it looks to build on its already-impressive market share.

Commenting on these developments, Ravneet Singh Phokela, Chief Business Officer, Ather Energy, said: “FY23 has been phenomenal for the EV industry, with 2W EVs expectedly leading the way. At Ather, we witnessed significant growth, with retail sales of 82,146 vehicles. This is despite a very soft first 6 months in this FY on account of chip shortage that severely limited our production volumes. 

We close this year strongly with 11,754 units delivered in March, a 353% year-on-year growth, and we expect this momentum to continue in FY24. We also expanded our retail footprint by 4X this year, from 30 stores to 116 now. For faster adoption of EVs, Ather set up an additional 911 public fast-charging points in FY23 and now has 1224 grids across the country, making it India’s largest fast-charging network for 2-wheelers. Last month, we also partnered with Southern Railways to set up charging stations across 10 MRTS and suburban stations in Chennai.”

Ather Energy has announced that it will be the principal sponsor for the Gujarat Titans in IPL 2023. This high-profile sponsorship deal is another sign of the company’s growing prominence in the Indian market, and underscores its commitment to promoting the benefits of electric mobility to a wider audience.

Ather Energy continues to expand its retail network and charging infrastructure through cutting-edge technology and commitment to sustainability. It is clear that the company is poised to play a major role in the transformation of India’s transportation sector.