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Hero MotoCorp-backed Ather Energy registers 12-fold increase in October sales

09 Nov 2021 Evaluate

Hero MotoCorp-backed Ather Energy has registered a 12-fold increase in sales in the month of October when compared to last year, riding on festive season demand. The company, which sells electric scooters 450X and 450 Plus, sold over 3,500 units in October 2021.

The company has been expanding its retail footprint across key cities in India and is now present in 19 cities with 22 experience centers and plans to expand to 42 cities with 50 experience centers by March 2022. It has also been setting up a public fast-charging infrastructure network - Ather Grid, for electric two-wheelers in India spread across over 22 cities and more than 220 locations. It will add 500 more locations by the end of FY22.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.

Peers
Company Name CMP
Bajaj Auto 11009.00
TVS Motor Company 4083.15
Hero MotoCorp 5385.00
Eicher Motors 7219.00
OLA Electric Mobilit 37.87
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