$ATHERENERG Ather Energy Ltd – News Update (24 June 2026)

Key Highlights Record Deliveries in June 2026 Over 21,000 units delivered (+11% MoM). Strong demand for Ather 450X Gen 3 and Ather Rizta family scooters. Expansion of Ather Grid charging network to 4,200 locations nationwide. Export Momentum Began shipments to Nepal and Sri Lanka, marking its first South Asian export push. Plans to enter Indonesia and Thailand by FY27. Funding & Partnerships In advanced talks for a $150 million Series E round led by global EV funds. Collaboration with Tata Power EV Charging for fast‑charging rollout across Tier‑1 cities. Manufacturing Expansion New facility in Hosur, Tamil Nadu to double capacity to 600,000 units per year. Focus on local battery pack production to reduce import costs by 15%. Sector Context EV stocks rallied after government confirmed FAME‑III subsidy extension and battery production incentives. Peers like OLA Electric and Hero MotoCorp EV division also saw gains.