Ather Energy (ATHERENERG), India’s leading electric two-wheeler manufacturer, reported a strong Q2 FY26 performance with sharp growth in market share, volume, and financials. The growth during the quarter was driven by an expanding geographical footprint, a diversified product portfolio, and a strong technology foundation. The company ended the quarter with a market share of 17.4%, sales of 65,595 units, and an EBITDA margin improvement of ~1,100 bps year-on-year to (10%), underscoring solid operational execution and sustained growth momentum.
Tarun Mehta, Executive Director & CEO, Ather Energy, said, “Q2 has been a strong quarter, with steady growth in market share and continued progress on our path to profitability. We saw continued improvement in EBITDA margin with improving operating leverage. Our strategic focus on Middle India has delivered results, with several states scaling up rapidly. The Rest of India has also grown strongly, making our expansion more broad-based. In the South, we continue to lead the market and are seeing a new growth story driven by a denser retail presence across key cities. The response to Rizta and our ongoing retail expansion pan-India have been key contributors to this momentum.”