Ather Energy shares up 309% since listing; here’s why the EV stock rallied 10% today

Shares of Ather Energy surged around 10% to their intraday and 52-week high level of ₹1,318.90 on Wednesday’s market, compared to ₹1,202.80 at the previous stock market session, according to NSE data.

The shares were trading 7.5% higher during the afternoon market hours after Ather Energy hit its record high levels. Both Ather’s new scooter launch and Hero MotoCorp’s investment update were announced after market hours on July 14.

NSE data also showed that overall EV two-wheeler stocks listed on the Indian stock market were trading in the positive zone on July 15, likely due to the positive momentum from the investment update in the sector.

Hero MotoCorp’s ₹1,000 crore outlay plan

The primary trigger for Ather’s stock market rally on Wednesday was its associate company and two-wheeler major, Hero MotoCorp, announcing its additional investment plan of up to ₹1,000 crore into the EV maker.

Hero MotoCorp directors on July 14 approved the additional investment, and in exchange, Ather Energy will issue equity shares or other eligible convertible securities on a preferential basis subject to the necessary regulatory approvals.

The transaction is set to be executed within 15 days of the last necessary approval required by Ather Energy, according to the exchange filing.

As of the quarter ended June 30, 2026, Hero MotoCorp holds a 29.48% stake in Ather Energy on a fully diluted basis. After the additional investment, the shareholding pattern is subject to change upon the pricing of the preferential issue.

Ather’s new scooter under ₹1.25 lakh?

On Tuesday evening, July 14, Ather Energy announced that the EV maker is set to launch its new scooter based on the newly developed EL platform as the company plans to enter the affordable market.

As per the NSE filings, Ather’s upcoming new ‘mass-market’ scooter will cost in the range of ₹1 lakh to ₹1.25 lakh as the company plans to expand its market share in the Indian two-wheeler EV market.

The company is scheduled to launch the new scooter at its Ather Community Day on August 29, 2026, in the city of Bengaluru.

“Ather will introduce a range of innovations across technology, charging, and the ecosystem that will make the ownership experience more seamless and connected,” the company informed the stock exchanges.

So far, Ather’s cheapest scooter, Ather Rizta, costs ₹1,31 lakh ex-showroom, as per the official data.

Ather Energy up 309% since listing

According to market data, Ather Energy shares have gained 309% to their current record high since the company was listed with an upper price band of ₹321 apiece back on May 6, 2025, the shares trade on the Nifty Smallcap 100 index on the National Stock Exchange.

NSE data also showed that Ather Energy stock has delivered more than 274% returns to its investors in the last one year period, and over 74% gains on a year-to-date (YTD) basis in the current year.

Ather Energy shares have gained 25% in the last one month, and were trading over 7% higher in the last five market sessions on the stock exchange.

The EV maker’s market capitalisation (m-cap) was at ₹49,240 crore as of the trading session on Wednesday, July 15, 2026.

Which companies make EV two-wheelers in India?

Ola Electric, Ather Energy, TVS Motor Co., Bajaj Auto, and Hero MotoCorp, through its acquired brand, Vida, are the major listed companies selling electric scooters in India.

As per reports, Ather Energy holds around 16% of the market share among EV two-wheelers, ranking third overall among competitors, while Ola Electric, its biggest peer in the EV scooter market, ranks fifth with around 9% market share.

Other companies like RattanIndia Enterprises also sells electric two-wheelers through its brand known as Revolt Motors in the country.

Greaves Cotton, through its subsidiary firm, Greaves Electric Mobility, manufactures and sells electric scooters under the brand name ‘Ampere Scooters’ as the company caters to the affordable market segment.

List of EV two-wheeler stocks in India