Ather Energy , a leading Indian electric two-wheeler manufacturer, has announced the launch of its Rizta electric scooter in Sri Lanka, marking a significant step in its international expansion strategy. The unveiling took place at the Colombo Motor Show 2025, showcasing Ather's commitment to strengthening its presence in key international markets.

Market Entry Strategy

Ather Energy has partnered with Evolution Auto Pvt. Ltd, its authorized distributor in Sri Lanka, to facilitate this expansion. The company's approach to entering the Sri Lankan market includes:

• Establishing a network of 40 Experience Centers across the country
• Installing Ather Grid fast chargers to support convenient EV ownership
• Expanding its product portfolio with the introduction of the Rizta scooter

Rizta Scooter Features

The Rizta electric scooter, which has already gained popularity in India and Nepal, offers several key features tailored for the Sri Lankan market:

Ather's International Presence

Ather's expansion into Sri Lanka follows its successful entry into Nepal in November 2023. The company's international growth is highlighted by:

• 9 Experience Centres and 7 Service Centres in Nepal
• 40 Experience Centers in Sri Lanka
• A robust presence in India with 524 Experience Centres and 3,643 Ather grid fast-charging stations (as of September 30, 2025)

Company Overview

Ather Energy, founded in 2013, has established itself as a pioneer in the Indian electric two-wheeler market. Key highlights of the company include:

• Product Portfolio: Ather 450 series and Ather Rizta, offering a total of 9 variants
• Charging Network: 4,322 Fast chargers and Neighbourhood chargers globally
• Intellectual Property: 319 registered trademarks, 212 registered designs, and 48 registered patents

The launch of Rizta in Sri Lanka represents Ather Energy's continued commitment to expanding its global footprint and promoting sustainable transportation solutions in emerging markets.

Market Implications

This expansion into Sri Lanka could potentially impact Ather Energy's market position and financial performance. Investors may want to monitor the company's international sales figures and market reception in the coming quarters to assess the success of this strategic move.

Note: This article is based on the latest available information and does not constitute financial advice. Investors should conduct their own research before making any investment decisions.

Ather Energy , a leading player in India's electric two-wheeler market, has reported a robust performance for the second quarter of fiscal year 2026, marking significant growth and market share gains despite challenges in the supply chain.

Strong Volume Growth and Market Share Expansion

Ather Energy achieved sales of 66,000 units in Q2 FY2026, representing a substantial 67% year-on-year growth and a 42% increase quarter-on-quarter. This impressive performance has propelled the company's market share to 17.40%, cementing its position as a key player in the electric two-wheeler segment.

Financial Performance

The company's total income reached INR 940.00 crores, its highest ever, marking a 57% year-on-year increase. Adjusted gross margin stood at INR 210.00 crores, or 22.00% on a percentage basis, showing a 300 basis points improvement year-on-year.

EBITDA Improvement

In a significant milestone, Ather Energy's EBITDA losses reduced to below 10% for the first time, demonstrating an 1,100 basis points improvement year-on-year and a strong 600 basis points improvement quarter-on-quarter.

Expansion and Distribution

Ather Energy continued its expansion strategy, increasing its retail presence to 524 stores across India. This expansion has been particularly strong in Middle India, comprising states like Chhattisgarh, Gujarat, Maharashtra, Madhya Pradesh, and Odisha, where the company's market share grew from 4.00% in Q1 FY2025 to 14.50% in Q2 FY2026.

Product Portfolio and Innovation

The company introduced new variants to fill gaps in its portfolio, including high-range options for its 450S and Rizta S models, offering up to 160 kilometers of range. Ather also launched a Battery as a Service (BaaS) option, reducing the upfront price of the Rizta S to as low as INR 76,000.00.

Challenges and Mitigation

Despite facing challenges due to rare earth supply chain issues, which impacted subsidy filings for the majority of vehicles in Q2, Ather Energy managed to maintain strong growth. The company expects this to be a one-time impact as the issue was resolved during the quarter.

Future Outlook

Tarun Mehta, Executive Director and CEO of Ather Energy, expressed confidence in the company's trajectory, stating, "Q2 was a strong quarter for us. Units sold were up at 66,000 units, which is a 67% growth year-on-year and a 42% growth quarter-on-quarter." He also highlighted the company's focus on expanding in new markets and improving product offerings.

As Ather Energy continues to innovate and expand, it remains well-positioned to capitalize on the growing demand for electric two-wheelers in India, with a strong foundation for sustained growth in the coming quarters.