Ather Energy shares rally 4% after launch of Konarc electric scooter at Rs 99,999. Buy, sell or hold the stock?

By Sohail Khan 31 August 2026, 11:27 am

Benchmarks
Nifty24,005.75-169.91

Precious Metal
Gold (MCX) (Rs/10g.)154,415.00-1866.0

Enter search text:

Business News›Markets›Stocks›News›Ather Energy shares rally 4% after launch of Konarc electric scooter at Rs 99,999. Buy, sell or hold the stock?

Read Today's Paper

Ather Energy shares rally 4% after launch of Konarc electric scooter at Rs 99,999. Buy, sell or hold the stock?
Synopsis

Ather Energy shares rose after the company launched its new Konarc electric scooter at a starting price of ₹99,999. The model will be offered in six variants across the S and Z lines, with IDC ranges of up to 200 km. Ather Energy shares have gained 132% over the past six months.

Ather Energy shares rally 4% after launch of Konarc electric scooter at Rs 99,999. Buy, sell or hold the stock?<br> — Ather Energy shares rose after the company launched its new Konarc electric scooter.

Shares of Ather Energy rallied 4% to Rs 1,675 on the BSE on Monday after the electric two-wheeler company launched its new Konarc electric scooter at a starting price of Rs 99,999. The company is positioning the new model as a more accessible electric scooter for Indian riders.

The Ather Energy stock is up 132% in the last six months. It will be available in six variants across the S and Z product lines, with IDC range options of up to 200 km.

The S line will have four variants offering IDC ranges of 100 km, 125 km, 161 km and 200 km, while the Z line will comprise two variants with ranges of 125 km and 161 km. The Konarc S 100 km is priced at Rs 99,999, the S 125 km at Rs 1,21,999 and the S 161 km at Rs 1,44,999, with all three prices applicable ex-showroom Bengaluru. Ather has not disclosed prices for the remaining variants.

The Konarc S 125 km and S 161 km variants will be the first to go on sale, with bookings and deliveries scheduled to begin in mid-September through a phased rollout. The initial launch will cover select variants and states before being expanded to more locations across India.

Also read: Ather Energy among 4 stocks flashing bullish signals, hinting at a possible uptrend

Tarun Mehta, Co-Founder and CEO of Ather Energy, said the Konarc has been designed to make EVs mainstream in India by addressing the requirements of buyers who are yet to switch to electric vehicles. He highlighted features including metal panels, a 200 km range, a once-a-year service interval, fast home charging and a comfortable ride, while retaining Ather's premium experience and technology. Mehta also said the scooter has been designed to scale, with Ather's vertical integration and manufacturing capacity at AURIC expected to support expansion across more riders and markets in India.

The launch adds to Ather's electric scooter portfolio, which currently comprises the performance-focused 450 series and the family-oriented Rizta.

Why are analysts bullish on Ather Energy stock?

Nomura recently maintained its Buy rating on Ather Energy and raised its target price to Rs 1,714. The brokerage retained Ather as its top pick in the electric two wheeler segment, saying EV penetration in India has reached an inflection point, with demand continuing to outpace supply. It expects the upcoming EL platform to nearly double the company's total addressable market while significantly lowering costs.

Also read: Ather Energy raises Rs 1,200 crore from India-Japan Fund, Hero Motocorp, founders, launches Rs 1,500-crore

The Japanese brokerage believes margin risks have largely eased, while improving scale and operating leverage should help Ather achieve EBITDA breakeven by FY28. The brokerage also sees the company's potential entry into the motorcycle segment as a long term growth opportunity. It added that policy measures such as ICE vehicle restrictions or additional EV incentives in more states, along with Ather's inclusion in the PLI scheme, could provide further upside.

CLSA also maintained its Outperform rating on Ather Energy with a target price of Rs 1,600. The brokerage said Ather's volumes rose 81% year on year in the first quarter of FY27, outpacing the electric two wheeler industry's 68% growth. CLSA noted that bookings are running at around 50,000 units per month, well above the current production capacity of 35,000 units, indicating that the company is constrained by capacity rather than demand.

Ather Energy Q1 results snapshot

The company reported a sharp improvement in its June quarter performance, including a net loss narrowing to Rs 51 crore from Rs 178 crore and EBITDA turning positive despite commodity headwinds, Ather Energy has won fresh support from foreign brokerages, with target prices going as high as Rs 1,714. Shares of the company surged as high as 18% to Rs 1,500 on the BSE earlier in the day.

Ather’s revenue from operations jumped 88.8% year on year to Rs 1,217 crore. Consolidated EBITDA turned positive at Rs 9 crore during the quarter, against an EBITDA loss of Rs 106 crore a year earlier. Margins improved 319 basis points sequentially to -2.7% despite commodity headwinds.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The )

Add as a Reliable and Trusted News Source
Add Now!

(You can now subscribe to our ETMarkets WhatsApp channel)

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

…moreless

(You can now subscribe to our ETMarkets WhatsApp channel)

Read More News on
ather energyAther Energy sharesAther Energy share priceAther Energy stockAther EnergyKonarc electric scootermarkets news

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

…moreless

Enter search text:

BrowseCompanies:
ABCDEFGHIJKLMNOPQRSTUVWXYZ
123456789

Continue reading with one of these options:
Limited Access
Free
Login to get access to some exclusive stories

& personalised newsletters
Login Now

Unlimited Access
Starting @ Rs120/month
Get access to exclusive stories, expert opinions &

in-depth stock reports
Subscribe Now

Unlock Access to All Exclusives with ETPrime FREE TRIAL

15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers

Trial offer expiring in00 : 05 : 00

I'd rather pay ₹2599 now

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you're already an ETPrime member with

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

Unlock ETPrime's Exclusive Stories Today!

Subscribe to gain powerful insights on business, stock market and industry trends.

Big Price Drop! Flat 40% Off

Student Only Offer

Already a Member? Sign In now

Already a Member? Sign In now
Already a Member? Sign In now

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get Flat 40% Off

Then ₹ 1749 for 1 year

Avail Offer

Offer Exclusively For You

ET Prime at ₹ 49 for 1 month

Then ₹ 1749 for 1 year

Avail Offer

Special Offer

Get flat 40% off on ETPrime

Avail Offer
Avail Offer

Claim NowAlready a Member? Sign In now

Need Assistance?

Connect with an ETPrime expert for personalized support and guidance

+91 9484700004

' + h3 + '

' + h4 + '

' + listing + '

What’s Included with

ETPrime Membership

1Exclusive Insights That Matter

Uncover the truth with our investigative stories

Make strategic moves using the real-world case studies

Read industry-specific stories to identify emerging trends

Spot opportunities with in-depth insights that matter

Trump temper on H-1B visas is forcing Indians to do these things to stay put in US

What Adani’s US indictment means for India Inc’s overseas fundraising
Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.

Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?
Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?

The problem with lab grown diamonds
Why a falling rupee is a better option for the economy

A list of top 20 momentum stocks that have delivered massive returns in one year