Latest news with #Rizta
Time of India
a day ago
- Automotive
- Time of India
Ather closing in on Ola Electric in July EV sales
Ola Electric 's shift from chasing growth to focusing on profitability has come at a cost. Its market share in the electric two-wheeler segment slipped to 17.2 per cent as of July 27, down from 19.9 per cent in June, as per Vahan data. Ather Energy , its listed rival, is now within striking distance, clocking 13,187 units this month for a 16.5 per cent share. The gap of just 526 units between Ola Electric and Ather Energy in July so far marks a sharp narrowing compared with June, when Ola Electric had sold over 5,000 units more than Ather Energy. Ola Electric reported a net loss of ₹428 crore on revenue of ₹828 crore for the first quarter of FY26. Losses widened 23 per cent from ₹347 crore in the same quarter last year but shrank 51 per cent from ₹870 crore in the January-March period. Revenue rose 35 per cent sequentially from ₹611 crore but was down 49.6 per cent year-on-year. Ather Energy is yet to report its financials for the April-June period. Responding to queries sent by ET, Ravneet Phokela, chief business officer of Ather Energy, said that the recent growth in its numbers was on account of the launch of its family-oriented scooter series, Rizta, which has expanded its user base across new segments and geographies. Queries sent to Ola Electric, Bajaj Auto , and TVS Motor remained unanswered till press time. This shake-up in market positions comes amid rising concerns over China's curbs on rare earth magnet exports, which are starting to hit electric two-wheeler sales in India. The segment has seen a 21.6 per cent drop in volumes so far in July versus June. Even legacy players like TVS Motor and Bajaj Auto, which lead the category, have seen sharp month-on-month declines of 31 per cent and 27.4 per cent, respectively. Phokela of Ather Energy said the company has so far managed to avoid any major impact by balancing inventory between its manufacturing units and dealerships. 'As an industry, all of us are also exploring alternative sources and technologies, but that's not ready at this point in time,' he said. In a recent interview with ET, Rajiv Bajaj, managing director of Bajaj Auto, said August could be a 'zero month' for its electric scooter Chetak and electric three-wheeler GoGo due to a shortage of rare earth magnets, making it the first automaker to halt production as a result of China's export curbs on the key component. Ola Electric slips The drop in Ola Electric's market share and sales has come at a time when it has been grappling with a range of challenges, including scrutiny over sales data discrepancies, vehicle quality concerns and missing trade certificates at several of its retail outlets. 'Ola Electric has been grappling with the issues of quality historically, because of which the brand has taken a hit,' said Jay Kale, executive vice president of Elara Capital. 'While they have mentioned in their earnings calls that their Gen 3 products have a much better quality, it will take time for that to reflect in the market and the word of mouth to spread.' Ola's stock has also underperformed since its listing. On Friday, it closed at ₹41.2 on the BSE, well below the IPO price of ₹76. In contrast, Ather's shares closed at ₹333.7, up from its IPO price of ₹321. In February, Ola Electric reported 25,000 vehicle sales in its filings, while Vahan data showed just 8,652 registrations.
Business Upturn
01-07-2025
- Business
- Business Upturn
Ather Energy launches Rizta S 3.7kWh variant with 159 km range at Rs 1.37 lakh; deliveries to start in July
By Aditya Bhagchandani Published on July 1, 2025, 17:34 IST Ather Energy Limited has expanded its Rizta family scooter lineup with the launch of the Rizta S variant equipped with a 3.7kWh battery. Priced at Rs 1,37,047 (ex-showroom Delhi), the new model offers an IDC-certified range of 159 km, making it suitable for daily commuters seeking higher range at an accessible price point. The Rizta series, introduced in 2024 as Ather's first family-focused electric scooter range, now comprises four variants. The Rizta lineup has contributed over 60% of Ather's total sales and recently crossed the milestone of one lakh units sold within a year of launch. The Rizta S 3.7kWh retains popular design elements like a 34-litre underseat storage (expandable by 22 litres with the optional Frunk), a wide seat for rider and pillion comfort, and a flat floorboard layout. Key features include a 7-inch DeepView™ display with turn-by-turn navigation, AutoHold™, Fall Safe, Emergency Stop Signal, Tow and Theft Alerts, Find My Scooter, and Alexa integration. The scooter also offers over-the-air (OTA) updates and access to the Ather Grid network, which now has more than 3,900 charging points across India. Bookings for the new variant are open both online and at Ather showrooms, with deliveries scheduled to begin in July 2025. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hindustan Times
01-07-2025
- Automotive
- Hindustan Times
Ather Rizta S 3.7kWh variant launched at ₹1.37 lakh, offers 159 km claimed range
The new variant features the larger 3.7 kWh battery pack which was earlier available with the Rizta Z 3.7 kWh variant. Check Offers The Ather Rizta lineup has been expanded with the addition of the Rizta S 3.7 kWh battery pack variant. Priced at ₹ 1.37 lakh, ex-showroom, the new variant sits above the Rizta Z 2.9 kWh variant which is priced at ₹ 1.31 lakh, ex-showroom. The new variant features the larger 3.7 kWh battery pack which was earlier available with the Rizta Z 3.7 kWh variant. With the larger battery pack, Ather claims that the new variant can cover 159 km on a single charge. Ravneet S. Phokela, Chief Business Officer, Ather Energy Limited, said, "The Rizta has resonated strongly with families across the country, and the recent milestone of crossing 1 lakh Rizta scooters is a testament to the strong demand that we are seeing. As an ongoing quest to expand our portfolio addressing different consumer needs, we are excited to introduce the Rizta S with a higher range." Also Read : Ather to reveal low-cost EL platform, new concepts at Community Day in August Despite the larger battery, the new variant retains all the convenience features that define the Rizta experience. The spacious 34-litre underseat storage easily accommodates daily essentials and is expandable by 22 liters with the addition of Frunk. The Rizta S with 3.7kWh battery pack variant comes with the option of Ather's comprehensive warranty programme, 'Ather Eight70', that provides a comprehensive 8-year or 80,000 km (whichever comes first) warranty that guarantees a minimum 70 per cent battery health over the ownership period. Ather Rizta S 3.7 kWh: Features The new Ather Rizta S 3.7kWh variant comes with a 7-inch DeepView Display offering Turn-by-Turn Navigation. For convenience and safety, the scooter has AutoHold, Fall Safe, Emergency Stop Signal, Tow & Theft Alerts, Find my scooter, and Alexa Skills. The 3.7kWh variant will also be able to receive OTA updates. Also watch: Ather Rizta review: Perfect electric scooter for the family man? | Colours, price, features, range The scooter comes with access to Ather's comprehensive fast-charging network, the Ather Grid, which now spans over 3900 charging points across the country. For home charging, the variant includes Ather's efficient charging solution, ensuring convenient overnight charging for daily use. Check out Upcoming EV Cars in India, Upcoming EV Bikes in India. First Published Date: 01 Jul 2025, 15:38 PM IST
NDTV
01-07-2025
- Automotive
- NDTV
Ather Rizta S Gets A Range Bump With Larger Battery Pack: Price, Features And More
Ather Energy Limited has expanded its Rizta family scooter line-up with the launch of the new Rizta S with a 3.7kWh battery pack. The latest addition delivers an IDC range of 159 km, making it an ideal choice for daily commuters looking for more range at a compelling price point. Ather Rizta S 3.7 kWh: Design and Dimension The Ather Rizta S's new variant retains all the convenience features that define the Rizta experience. It has a 34-litre underseat storage that easily accommodates daily essentials and is expandable by 22 liters with the addition of Frunk. The Rizta is known to have one of the largest seat sizes in the scooter segment, which has ample space and a practical floorboard design to ensure a comfortable ride for both rider and pillion. The brand claims that the new Rizta S 3.7kWh variant maintains Ather's renowned engineering standards with stringent testing and attention to detail, meeting every Indian family's expectations. Ather Rizta S 3.7 Kwh: Features The 3.7kWh variant offers a host of features that offer best-in-class safety, convenience, and connectivity features. The scooter comes with a 7-inch DeepViewTM Display offering Turn-by-Turn Navigation. For convenience and safety, the scooter has AutoHoldTM, Fall Safe, Emergency Stop Signal, Tow & Theft Alerts, Find My Scooter, and Alexa Skills. The 3.7kWh variant will also be able to receive OTA updates. The scooter comes with access to Ather's comprehensive fast-charging network, the Ather Grid, which now spans over 3900+ charging points across the country. For home charging, the variant includes Ather's efficient charging solution, ensuring convenient overnight charging for daily use. Ather Rizta S 3.7 kWh: Price The bookings for the Rizta S with a 3.7kWh battery pack are now open across India through Ather's retail network and online platform. Deliveries are expected to commence this month, with the company scaling production to meet anticipated demand. The Rizta S with a 3.7kWh battery pack will be available at Rs 1,37,047 (ex-showroom) in Delhi, Rs 1,37,258 (ex-showroom) in Mumbai, Rs 1,37,999 (ex-showroom) in Bangalore, and Rs 1,39,312 (ex-showroom) in Chennai.
India Today
01-07-2025
- Automotive
- India Today
Ather Rizta S with 3.7kWh battery pack launched at Rs 1.37 lakh
Ather Energy has expanded its popular Rizta scooter lineup with the launch of the Rizta S, featuring a 3.7kWh battery pack. Priced at Rs 1,37,047 (ex-showroom, Delhi), the new variant offers an IDC range of 159 km, making it an attractive option for commuters seeking longer range and practicality without compromising on for the Rizta S 3.7kWh are now open both online and at retail outlets, with deliveries expected to begin this month. The model is priced at Rs 1,37,047 in Delhi, Rs 1,37,258 in Mumbai, Rs 1,37,999 in Bengaluru, and Rs 1,39,312 in Chennai, (all prices are ex-showroom)advertisementThe Rizta line, introduced in 2024 as Ather's first family-focused scooter, has already become a massive success, contributing to over 60% of Ather's total sales and recently surpassing 1 lakh units sold. The new 3.7kWh variant enhances the Rizta portfolio by combining extended range with affordability and value. Ravneet S Phokela, Chief Business Officer, Ather Energy, said, "The Rizta has resonated strongly with families across the country, and the recent milestone of crossing 1 lakh Rizta scooters is a testament to the strong demand that we are seeing. As an ongoing quest to expand our portfolio addressing different consumer needs, we are excited to introduce the Rizta S with a higher range. With the new variant offering 159 km on a single charge, riders can confidently plan their day, making it ideal for commuters with high daily usage."advertisementDespite its larger battery, the Rizta S 3.7kWh retains the line's convenience and comfort features. These include a 34-litre underseat storage (expandable by 22 litres using an optional Frunk), a large seat, and a practical new variant is packed with features such as a 7-inch display, turn-by-turn Navigation, auto hold, fall safe, emergency stop signal, tow and theft alerts, find my scooter, and Alexa integration. It also supports OTA updates and is compatible with Ather's Grid fast-charging network, which includes over 3,900 charging points across can also benefit from Ather's Eight70 warranty program, which offers coverage of 8 years or 80,000 km, assuring a minimum 70% battery health during the ownership period. The scooter is backed by Ather's growing network of centres to Auto Today Magazine- Ends
