Ather Energy Limited has informed the Exchange regarding 'press release titled Rizta crosses 3 Lakh unit milestone driving accelerated growth for Ather".
ATHERENERG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ather Energy announced that its family scooter Rizta crossed the 3 lakh unit sales milestone within two years of its April 2024 launch. The scooter reached 1 lakh units in 11 months and added the next 2 lakh units in just 11 more months, demonstrating accelerating demand. In FY26, Rizta accounted for 76% of Ather's total sales volumes, making it the company's largest volume driver. The Rizta also helped Ather expand significantly in newer markets, with market share in states like Maharashtra, Gujarat, and Madhya Pradesh growing 4X from 4.1% in Q1 FY25 to 17.3% in Q4 FY26. Nearly 70% of Rizta customers are families with children, showing strong appeal for everyday family usage.
This milestone signals strong consumer demand for Ather's family-oriented electric scooter and accelerated market share expansion beyond Southern India. Rizta's dominance as a volume driver (76% of sales) indicates the company is successfully scaling in mass-market segments, which could positively impact revenue and investor sentiment.