Ather Energy Forgoes 18,000-20,000 Monthly Sales as Hosur Runs at 94% Capacity

Ather Energy estimates that manufacturing constraints are costing it 18,000-20,000 vehicle sales every month, with its Hosur plant running at 94% of peak capacity utilisation in Q2 FY27. NDTV Profit reported that the electric two-wheeler maker is expanding capacity at Hosur and its upcoming AURIC plant to reach 11.4 lakh units of annual installed capacity by Q2 FY28.

Ather's Demand Outpaces Hosur Output

Ather Energy is an India-based electric two-wheeler manufacturer that sells connected electric scooters through direct-to-consumer Experience Centres and operates a fast-charging network. In Q2 FY27, wholesale volumes rose 42% year-on-year to 93,211 units, while vehicle registrations climbed nearly 60% to 92,589 units. Gross pre-orders more than doubled to 1.80 lakh during the quarter.

Average monthly production stood at around 33,000 units against Hosur's peak monthly capacity of 35,000 units. Monthly inquiries averaged 3.34 lakh, taking total quarterly inquiries above 10 lakh, and gross monthly pre-orders reached 60,000 units. Management estimates actual monthly demand at 50,000 to 60,000 units.

Ather has approved Rs 58 crore of investment at Hosur to add 6,000 units of monthly capacity, lifting the site from 35,000 to 41,000 units a month and annualised capacity from 4.2 lakh to about 4.9 lakh units. At AURIC, trial production is scheduled for Q3 FY27 with full installation expected in Q4 FY27; the first phase adds 42,000 units of monthly capacity, or five lakh units annually. A further Rs 64 crore at AURIC would add 12,000 units a month, taking total installed capacity to 95,000 units a month, or 11.4 lakh units annually, by Q2 FY28.

Ather's June 2026 Capital Raise

Ather's board approved a plan in June 2026 to raise up to ₹2,500 crore through a combination of equity and convertible securities, including a Qualified Institutions Placement of up to ₹1,500 crore, to support capacity expansion and product development, according to akta.pro company records. The same records list a 2026-08 post-IPO equity round of $184 million led by HeroMotoCorp and a 2026-07 post-IPO equity round of $259.1 million with 15 investors.

Ather's Path to the Konarc Rollout

Ather delivered 500 Konarc electric scooters in Delhi on October 25, 2025, at a customer handover event, The Times of India reported. The scooter offers six variants with a range up to 200 km and a 10-year or 100,000-km battery warranty. Autocar Professional reported that Ather delivered 301,133 e-scooters in CY2026 year to date, crossing 300,000 for the first time and giving it a 16.32% share of India's 18.4 million e-2W sales.

Ather's AURIC Production Timeline

Ather expects AURIC to become fully operational in about two quarters, with production potentially remaining below installed capacity even after installation is completed in Q4 FY27. The company plans to resume retail network expansion by the end of Q3 FY27, and has held back the entry-level Konarc SR1 model until additional capacity becomes available at AURIC in Q4 FY27.