Ather Shares Rise After Konarc Launch Boosts Growth Outlook

Ather Energy shares gained more than 4% in recent trading after the electric two-wheeler maker attracted renewed market attention following the launch of its new Konarc scooter. The company has positioned Konarc as a more mass-market product, with prices starting at ₹99,999 and a claimed IDC range of up to 200 km. Bookings are already open, while deliveries are scheduled to begin on September 21. The launch is significant for Ather as the company looks to expand beyond its existing premium-focused customer base and increase overall volumes in India’s rapidly growing electric two-wheeler market. The stock has also received a positive view from a global brokerage, which retained its Buy rating and raised its target price, citing the potential for faster volume growth following the new product launch. Ather has additionally been added to the NSE Futures & Options segment, increasing its participation in the derivatives market.