Ather Energy Shares Rise 4% as Board Clears Entry Into Insurance Business
Shares of Ather Energy climbed nearly 4 percent on Friday after the company announced plans to enter the insurance business. The stock was trading around ₹688 on the NSE in afternoon trade. The rally followed the company’s disclosure that its board has approved the incorporation of a wholly owned subsidiary to offer auto insurance services as a corporate agent. The new entity will partner with multiple insurers to provide insurance products to Ather customers across India. Ather said bringing insurance distribution in-house will help simplify renewals, develop EV-focused insurance products and enhance customer engagement. The move is part of its broader strategy to build an integrated ecosystem around its electric two-wheelers, covering vehicles, charging, servicing, software and related services. #AtherEnergy #EVStocks #StockMarketNews #AutoInsurance #ElectricVehicles #IndianEquities #MarketUpdate