Electric two-wheeler registrations cross 101,000 units in February as legacy OEMs tighten grip and Ola Electric falls behind rivals
Revenue from operations rose 50% year-on-year to Rs 953.6 crore, compared with Rs 634.9 crore a year earlier
CEO Suhas Rajkumar tells Moneycontrol the Bengaluru-based electric two-wheeler maker plans to raise fresh capital, expand retail presence and manufacturing capacity as it targets public listing next year
Bajaj Auto holds second spot, Ather strengthens position with family scooter push, while competition intensifies across legacy and EV-first players
The company says the price increase is linked to higher raw material, forex and electronics component costs.
According to the latest registration data from Vahan, TVS sold 27,382 units, commanding a 26% market share, the highest among all manufacturers for the month
Bajaj sold 29,597 EV two-wheelers in October, followed by TVS Motor and Ather Energy, while festive offers and new launches boosted overall market demand.
As many as 96,031 electric two-wheelers were sold in September, with TVS leading with a 21.9 percent market share.
Bengaluru-based startup aims to scale production with diversified portfolio to challenge established players
Ather Energy went public in July 2025, shortly after rival Ola Electric’s listing in August 2024, which was India’s first major EV startup IPO.
While several EV players, including Ola Electric and Reliance New Energy, have announced ambitious plans for giga-scale cell factories, Ather is keeping its focus on design, engineering, technology, and brand.
India’s electric vehicle industry has been grappling with supply risks due to the concentrated global supply of heavy rare earths, which are critical for high-performance magnets used in EV motors
'The best companies in the world are always built in public markets... the rigour comes in from public market scrutiny,' Aggarwal tells Moneycontrol
The Rizta electric scooter now accounts for over 60% of Ather's total sales.
Hero Motocorp is a key investor in Ather with 37.2% stake and currently has special privileges including information rights
Ather brings innovation to the market, but profits may take time to materialise
Rare earth magnets are critical for the motors used in electric vehicles, and China is the dominant global supplier.
The potential smaller size is because the electric-vehicle maker’s existing investors are considering offering fewer shares in the sale
Ather Energy CEO Tarun Mehta said he is confident of his “product, tech and quality-focused brand”.
The company aims to sell shares by the end of March or early April, the people said, asking not to be identified because the deliberations are private
The facility allows for accelerated innovation and product development through a multi-layered approach to testing.
Ather Energy Limited, an EV two-wheeler manufacturer, introduced the 2025 Ather 450 with a host of new updates. The 450X and 450 Apex scooters now get Multi-Mode Traction Control with three different modes for increased safety and MagicTwist
Industry experts predict that 2025 will witness EV penetration across public transport, B2B fleets, and more.
Ola Electric continues to lead the market with nearly 24.5% market share in November
The company currently has 231 Experience Centres and 2,500 fast charging stations across the country.