Electric vehicles (EV) maker Ather Energy is on course to increase its revenues fivefold year on year this fiscal to Rs 2,000-2,200 crore, riding on a spurt in sales and increased capacity from a new plant.
The maker of 450 Plus and 450X electric scooters is looking to sell between 90,000 and 100,000 units in FY23, up more than 300% from sale of 23,000 e-scooters in FY22, people aware of its plans told to agency.
In the first seven months of this financial year ended October, the Hero MotoCorp and Sachin Bansal-backed company sold about 35,480 e-scooters. The monthly sales run rate has exceeded 8,000 units in recent months and the company is well on its way to producing and selling around 13,000 units a month by the January-March quarter, people cited above said.
