Ather surpasses Ola by market value for the first time as their fortunes diverge
Investors voted for Aterer Energy Ltd for the first time since the market value of the Bengaluru -based initiative started to sell electric scooters for the first time since the larger rival Ola Electric Mobility Ltd has passed.
On Monday, ATER’s shares increased by 4.78% to get the market value. LaIn BSE, 23,601 Crore, Ola Electric’s shares fell by 2.54%. La23,200 Crore, data were shown at the end of the trading hours.
The change in the order of the becking reflects the different delegations of the two competitors. Ater passed the total number of sales of Ola for the first time in the July-September quarter, and the company, led by Bhavish Aggarwal, decreased by 47% of its three-month sales a year ago.
As of September, Indian Electric ranked fourth among two -wheeled manufacturers and ranked 52,597 units in the quarter and jumped to the second position. TVs fill the list with 69,195 units, while Bajaj came third in 51.120.
In September, ATER first exceeded Ola and sold 18,109 units against its opponent against 13,371.
Ola’s problems
Founded in 2013 by Tarun Mehta and Swapnil Jain, Ater Energy began to sell electric scooters in 2018 three years before Aggarwal joined Fray.
Ola Electric started her future factory in Krishnagiri in Tamil Nadu and then she began to deliver its scooters to customers in December 2021. The company was founded in 2017 and since 2019, Japanese investment has been supported by Behemoth Softbank.
In order to obtain more than 50% market share, while rapidly increasing its sales, Aterer slowly increased its sales and the majority of its sales in Southern India. In 2025 financially, while selling electric 344.009 electric scooter, ATER sold 1,30,944 and the market share gap was approximately 18%.
However, the sales of Ola fell this year with the face of consumers faced with the ongoing service problems of consumers. Damla came despite the fact that the company rose from 25 FY25 to 800 to 4,000 and launch a new electric motorcycle. In September, since Navratri has begun to integrate in -house cells into their vehicles.
With the falling sales, Ola’s shares have received a coup since it was listed in Bounses in August 2024. They are traded below 31% of the list price. In contrast, Ater Energy has seen more than twice as long as it was listing in May.
Atter’s supporters had 42.09%of the company at the end of June, the founding partners Mehta and Jain 11.19%and Hero Motocorp Ltd.
“Volume has played a minimum role in the unit economy over the years,” he said. “There is a ton of value engineering. There is a lot of process optimization and there is too many technology development to be brought later, which improves cost structures. Engineering super power.”
In the financial year of 2025, 29% of the income from the increase in Aterer operation La2,255 Crore, the losses narrowed La812 CRORE La1 year ago 1,060 Crore. Ola saw Electric income fell 10% La4,514 crore, losses expanded La2.276 Crore La1,584 crore in the previous financial year.
