Ather Energy Hits Record Dispatch Milestone with Rizta Scooter

Ather Energy recorded its highest monthly dispatches in October 2023, boosted by the launch of its Rizta scooter, contributing significantly to the 20,000 units sold. The demand for electric vehicles in India surged, reflected in Ather's market share increase and its plans for expansion and an upcoming IPO.

Ather Energy has achieved its highest-ever monthly dispatch figures in October, shipping over 20,000 scooters nationwide, according to insider information.

The newly launched Rizta family scooter has played a pivotal role, making up 60-70% of this month's volume. Retail sales tallied up to 20,000 scooters across India as of October 30.

This impressive growth comes after September's sales of 12,828 vehicles, doubling Ather's market share from 7.9% in July to 14.3% in September. The electric vehicle sector in India is experiencing a 70% year-on-year growth, driven by increasing demand.

(With inputs from agencies.)