Latest news with #Ather450X
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Business Standard
7 days ago
- Automotive
- Business Standard
Ather Rizta crosses 100,000-unit sales within a year of market launch
Ather Energy's flagship electric scooter, the Rizta, has surpassed retail sales of 100,000 units within a year of its unveiling. Between July 2024 and April 2025, the company sold 99,691 units, requiring just 309 more sales in May 2025 to cross the milestone. Unveiled in April 2024, the Rizta officially went on sale in June 2024. Rizta drives 60% of Ather's FY2025 sales volume In the last nine months of FY2025 alone, Ather sold 89,639 units of the Rizta, accounting for approximately 60 per cent of the company's total annual sales. Ather recorded its highest-ever fiscal year sales in FY2025, with 155,405 units sold. Surpassing other models such as the Ather 450X, 450S, and 450 Apex, the Rizta has emerged as the preferred choice for electric two-wheeler buyers across India. According to Autocar Professional, 10,052 units were sold in April 2025 and another 10,000 units in May 2025. Rizta expands reach and broadens customer base 'Hitting the 1 lakh milestone with the Rizta is a big moment for us. The Rizta, which was built from the ground up with a focus on addressing the needs of Indian families, has played a key role in expanding our reach and connecting with a much wider set of customers,' said Ravneet Phokela, Chief Business Officer, Ather Energy. 'It combines practically everything a family scooter needs: a spacious and comfortable seat, ample storage, safety features, and reliability to make everyday commuting effortless; all that packaged in great design that Ather has come to be known for. In less than a year since its launch, the Rizta has helped us grow our market share significantly across multiple states, broadened our consumer profile, and accelerated adoption in states where our presence was earlier limited,' he added. Phokela further emphasised how the Rizta has helped extend Ather's reach among Indian families. Rizta helps Ather lead in South India in Q4FY25 According to the company, 'The Rizta, along with the Ather 450 series, has enabled Ather to become the number one brand in South India in Q4FY25, as per Vahan data.' Rizta features offer family-friendly functionality and safety The Ather Rizta comes with 56 litres of under-seat storage and is equipped with the SkidControl traction control system. Additional features include Tow & Theft Alert, an Emergency Stop System, and Live Location Sharing—enhancing both safety and convenience for everyday users.
NDTV
23-05-2025
- Automotive
- NDTV
TVS Leads EV Export, Shipped Over 4,400 CE 02 Electric Scooters In FY25
India's electric two-wheeler exports are changing rapidly, with the BMW CE 02 becoming a top model. Produced by TVS Motor Company at its Hosur facility, it makes up 65 percent of all electric two-wheelers exported from India in FY2025, followed by Ather Electric and Bajaj. In FY2025, the Indian scooter industry saw record sales. Domestic sales reached 6.85 million units, and the industry exported over half a million scooters for the second year in a row. Electric scooter exports also hit a new high in FY2025, with nearly 7,000 units shipped, a 325 percent increase compared to last year. Electric scooters accounted for 1 percent of the total 5.69 Lakh scooters exported. TVS Motor Company had a standout year in FY2025, with over 1.81 million scooter sales, leading to an overall total of 3.51 million two-wheelers sold, the best in its history. Additionally, the company's e-2W exports reached just under 6,000 units, a 404 percent rise from the previous year. The BMW CE 02 is a result of the strategic partnership between BMW Motorrad and TVS Motor Company. It is manufactured at TVS's facility in Tamil Nadu and began exporting in April 2024. This model combines BMW's engineering expertise with TVS's manufacturing capabilities. The BMW CE02 accounts for 75 percent of TVS Motor Company's e-2W exports, totaling around 4,400 units, while the remaining 25 percent consists of the TVS iQube. Ather Energy is ranked second in e-2W exports, having shipped 805 units. The majority of these exports consist of the Ather 450X, while the Ather 450S accounts for 12 percent of the total exports in FY2025. Additionally, Bajaj Auto, along with TVS and its iQube model, sold over 200,000 Chetak scooters in FY2025. In the last fiscal year, Bajaj Auto also exported 125 of these electric scooters.
India Today
07-05-2025
- Automotive
- India Today
Ather Rizta long term review
Model: Ather Rizta 3.7kW Test Started: January 2025/137kmCurrent ODO reading: 1,126kmMileage this month: 253km Efficiency this month: 110km/charge Addiction is an issue, but not when it involves automobiles. This has been the case with the Ather Rizta at the moment, where I am truly enjoying the smoothness associated with electric scooters. The Rizta cruises with ease and especially when returning home after a hard day at work. There is no noise or vibrations to complain about, and the Rizta, unlike its sibling, the Ather 450X, is not noisy at all. The whine from the motor is well-controlled, and that is something I like. I also keep regen to zero and prefer the scooter cruise freely rather than the system slowing me down, which is quite unnerving on a free road with traffic behind. Overall, we are getting well over 100km per charge on the go, and the app tells me that I have earned some extra badges for riding economically. It would be much better to have a spring-loaded hinge that could hold the seat upright while loading the boot. Now, among all these good bits, I am quite surprised to see the seat mount on the Rizta. The seat never shuts in one shot, and most of the time, one has to position it correctly and then click it in to lock the seat. The seat mount also does not feel strong enough and keeps flopping around. A spring-loaded unit would have been so much better. Now, before we end this month's report, let me also update you that very soon our Rizta will be loaded to the gills with all the accessories offered by Ather in India. I am especially looking forward to the organiser and also the metal bodyguards, which look pretty premium and not like an eyesore. But more on it, possibly next month. Specifications: Powertrain: rear-mounted electric motorPower: 5.85bhpTorque: 22Nm0-100kmph: 4.7secondsTop speed: 80kmphBattery capacity: 3.7kWhElectric range: 159km (IDC)Dimensions (LxWxH): 1,850x750x1,140mmWheelbase: 1,285mm Ex-showroom price: 1.46 lakh Subscribe to Auto Today Magazine
Time of India
06-05-2025
- Automotive
- Time of India
Ola Electric's Bhavish Aggarwal congratulates arch-rival Ather on stock market debut: Let's together ...
How Ola's Bhavish Aggarwal congratulated Ather Energy — bhash (@bhash) Ather Energy, the Indian electric two-wheeler manufacture recently made its stock market debut. The Nikhil Kamath backed startup was listed in stock market today (May 6) at Rs 328 on NSE and Rs 326 on BSE. After the stock market debut of Ather Energy, Ola Electric's CEO, Bhavish Aggarwal, has expressed his support for rival electric scooter manufacturer. Aggarwal shared a congratulatory post on X for the stock market debut of Ather Energy. Aggarwal praised Ather's milestone, emphasizing the importance of collaboration in India's growing electric vehicle (EV) sector. The stock market debut of Ather Energy is seen has a landmark moment for the India EV Electric CEO Bavish Aggarwal congratulated Ather Energy with a post on X. 'Congrats to @tarunsmehta and the whole @atherenergy team on this milestone for the Indian EV industry! Let's together make India the global EV hub,' reads Aggarwal's Energy CEO Tarun Mehta thanked Aggarwal and said that he is excited to build the EV space with Ola Electric. 'Thanks, @bhash !The Indian EV story is just getting started, and the two-wheeler segment is already leading the about what we can build together in this space!,' replied Electric also posted about the stock market debut of Ather Energy. 'The EV revolution was never meant to be solo. Welcome to the bourses @atherenergy! Let's go full throttle,' reads the in 2013, Ather Energy became popular after the launch of its Ather 450X and Ather 450 Plus models. Both the models are know for their smart connectivity features and improved battery technology. The Nikhil Kamath-backed startup has also built Ather Grid, India's largest EV two-wheeler fast-charging network, ensuring seamless charging access across cities.
Economic Times
26-04-2025
- Business
- Economic Times
Ather Energy lists losses since inception, negative cash flows as key risks to IPO
ETtech Ather Energy founder Tarun Mehta Ather Energy will enter the primary market next week. A cause for cheer on IPO street — which hasn't seen a mainboard entry in the past two months — the public offer comes with its own set of risks. From a long list, shaky financials, cash burn, and stagnant market share are the key ones to look out the red herring prospectus (RHP) for its IPO, Ather mentioned that it has incurred losses since its incorporation. The company came into being in 2013. The electric scooter maker reported stagnant revenue at Rs 1,753.8 crore in fiscal 2024 and Rs 1,578.9 crore in the first nine months of fiscal 2025, the document shows. Profit has been elusive, with the bottom-line print showing losses of Rs 344.1 crore, Rs 864.5 crore, and Rs 1,059.7 crore for fiscals 2022, 2023, and 2024, respectively. In the nine months to December 2024, the company has logged losses of Rs 577.9 dipped in the fiscal year ending March 2024 on-year, mainly due to reduced Faster Adoption and Manufacturing of Electric (FAME), Ather said. This caused the electric scooters' prices to rise and sales to decline. The launch of new low-priced models — Ather 450X (2.9 kWh) and Ather 450S — along with the premium offering, the Ather 450 Apex, partially offset the decline in revenue, it said."We may continue to incur operating losses as we invest in expanding our manufacturing capabilities, distribution network, product portfolio, and charging infrastructure. We may not realise the expected returns from such investments in the future. There is also no assurance that we will be able to increase our revenue in the future," Ather said in the RHP. "Profitability will depend on many factors." Also Read: Ather IPO: Here's what the e-scooter maker plans to do with the funds Persistent cash burnAther has logged negative cash flows from operations continuously since its incorporation in October 2013. According to the figures furnished in the RHP, the EV maker saw negative cash flow from operations to the tune of Rs 228.4 crore, Rs 871.3 crore, and Rs 267.6 crore in fiscals 2022, 2023, and 2024, respectively, while nine months to December 2024 saw cash burn levels at Rs 717.1 crore."We may continue to incur negative cash flows as we invest in expanding our manufacturing capabilities, distribution network, product portfolio, and charging infrastructure," said Ather. Fourth in market share race As competition intensifies in the electric two-wheeler space, with big players like Bajaj Auto, Hero MotoCorp, and TVS Motor eyeing a piece of the pie, Ather Energy has been struggling with stagnant market share. As of December 31, 2024, the company stood a distant fourth with a market share of 10.7 percent, compared to Ola Electric Mobility with 34.1 percent share, TVS Motor with 19.4 percent, and Bajaj Auto with 18.1 percent. At the end of March 2024, Ather had a market share of 11.5 percent, and by December 2023, it was 11.3 percent. What analysts say After a recent meeting with the Ather Energy management, brokerage house Nuvama noted that the company will benefit from the "mega EV trend." The brokerage mentioned that the company is focusing on two new offerings — the EL scooter and the Zenith motorcycle — to expand the addressable key risks to the company, Ather had mentioned the concentration of its business in southern India, which accounted for 61 percent of its sales in the first nine months of fiscal 2015. It is now looking to expand to other parts of the country as well, Nuvama is also adding capacity with a new manufacturing facility at Chhatrapati Sambhajinagar in Maharashtra. The first phase of the upcoming facility will add five lakh units a year by March 2027. At its full potential, the plant will produce 10 lakh units. The company currently operates a facility in Hosur, Tamil Nadu, with an annual capacity of 4.2 lakh electric two-wheelers and 3.8 lakh battery packs.
