Ather Energy Limited has informed the Exchange regarding a press release dated Jun 18, 2025, titled "Ather Energy to Double Its Retail Network; Plans 700 Experience Centres Across India."
ATHERENERG · price
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Ather Energy announced plans to expand its retail network from 351 to 700 Experience Centres across India by the end of FY26, nearly doubling its footprint. The expansion is driven by strong demand for the Rizta family scooter, which crossed 1 lakh units in retail sales within a year of launch and now contributes nearly 60% of the company's total sales. Ather plans to triple its store count in north markets and also expand in east and west regions. Currently, the company operates 3,578 fast-charging points via the Ather Grid and has an upcoming third manufacturing plant in Bidkin, Maharashtra, which will take total capacity to 1.42 million electric two-wheelers per year.
This aggressive expansion signals strong management confidence in demand growth, which is positive for the stock. However, the rapid buildout will require significant capital expenditure and could pressure short-term margins as the company invests in stores, service centres, and manufacturing capacity.