Ather energy sold 10,056 units in October’23, registering a 30% month-on-month growth

Telugu super news,National, 1st November, 2023:Ather energy, the renowned electric vehicle manufacturer sold 10,056 units in October’23, representing a 30% month-on-month growth. Ather, is making significant strides in expanding its reach and accessibility. Ather is set to revolutionize the electric scooter market with an impressive network of 166 Experience Centres spanning across 100 cities. Among its exciting offerings is the Ather 450S, hailed as one of India’s quickest and smartest scooters, available alongside the Ather 450X. These Experience Centres offer potential buyers the unique opportunity to test ride any Ather vehicle, helping them determine the ideal fit for their needs before making a purchase. Ather’s customer-centric approach and innovative products continue to propel it to the forefront of the EV industry.

Ather Energy has received approval from the BIS (Bureau of Indian Standards) for its recently developed indigenous charging connector. It is called the Light Electric Combined Charging System (LECCS) and can be used by two-, three-, and four-wheelers. Globally, this is the first-ever combined AC and DC charger, that has been developed in India. With the introduction of the LECCS, the eco-system could benefit from a large-scale adoption of electric vehicles. Additionally, independent charging operators, too, could benefit from this and more fast and slow charging stations could be made present across the country.

Commenting on this occasion, Ravneet Singh Phokela, Chief Business Officer, says,

“On the back of an enhanced product portfolio, we had a strong start to the festive season. We delivered 10,056 scooters to our customers, registering ~30% month-on-month growth. With Diwali just around the corner, we expect this positive momentum to continue. We continue to make strides in the charging infrastructure. Ather’s charging connector has been approved by the Bureau of Indian Standards (BIS) as the nation’s first indigenously developed standard for light electric vehicles in strong step towards making India a global leader in LEVs. We also ventured into our first international market. We are all set to open our first Experience Centre in Nepal on November 5th. Ather has also reached another significant milestone in the domestic market with the launch in Jammu, further expanding our retail presence in India to a total of 150 Experience Centres.

Ather Energy announced plans for global expansion, to enter Nepal market in NovemberAther’s retail expansion to a market outside India, comes on the back of its runaway success in the domestic market, where its 450 Series is the undisputed leader in the premium two-wheeler electric vehicle (EV) segment with a 75% market share.  The plans to export the Ather 450X also comes at a time when Nepal is shifting towards more clean mobility options. A relatively smaller market than its larger neighbours like India and China, Nepal however presents a very promising proposition for companies like Ather to understand new markets in terms of product performance and acceptability.

Also, Ather Energy has partnered with top banks and NBFCs like IDFC First, Bajaj Finance, and Hero FinCorp to enhance accessibility to EVs. By offering flexible loan tenures of up to five years, the monthly EMIs for Ather electric scooters have become as low as Rs 2,999. This forward-thinking initiative aligns with the Indian government’s goal of achieving 30% electric vehicle penetration by 2030, making sustainable mobility a reality nationwide.

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