Ather Energy expects to turn unit-level profitable in next 2 quarters

Phokela concluded that with an annual production capacity of 420,000 units, Ather does not foresee the need for additional manufacturing capacity for the next 18 months

India’s third-largest electric two-wheeler player, Ather Energy, expects to become profitable at the unit level within this financial year, according to a senior company executive.

Speaking to Business Standard on the sidelines of the Automotive Component Manufacturers

Association of India event in New Delhi, Ravneet Phokela, chief business officer of Ather, said, “We will be back to profitability very soon.”

When asked if it would be within this financial year, he replied, “Yes, at a unit level. The company’s profitability will naturally take a little longer because of ongoing research and development (R&D) investments, increasing platform costs, and the need to amortise R&D