Ather Boosts Service Network to 500 Centers as Ola Electric Narrows Retail Reach
Ather expands its service network to 500 centres, while Ola reduces its stores to 550 amid financial divergence.
Ather expands its service network to 500 centres, while Ola reduces its stores to 550 amid financial divergence.
Ola Electric slipped out of the top five in February, with sales down 47% and market share at 3.55%.
Ather Energy is entering auto insurance distribution with a new subsidiary for enhanced customer experience.
TVS Motor regained the top spot in November 2025 with a 25.92% share of the electric two-wheeler market.
National Investment Fund II sold 4.7% of Ather Energy for Rs 1,083 crore on November 13, 2025.
Ather Energy reported a 54% revenue jump to Rs 899 crore in Q2 FY26, surpassing Ola Electric.
Tiger Global fully exited Ather Energy, realizing over 16X returns on its decade-long investment.
Tiger Global sold its 5% stake in Ather Energy, totaling Rs 1,204 crore through market transactions.
Bajaj Auto emerged as the leading E2W seller in October 2025, capturing a 21.69% market share.
TVS Motor led the E2W market in September with a 21.6% share, while Ola Electric slipped to fourth.