Bengaluru-based electric vehicle company Ather Energy has reported a strong start to the FY2026 with an increase in sales and market share. The company sold 46,078 units in the first quarter, a 97 percent YoY increase, which was accompanied by an 83 percent rise in total income to INR 6.72 billion.

The company's financial performance showed improvements in margins, with Adjusted Gross Margin increasing by 117 percent YoY. The EBITDA margin improved to -16 percent, narrowing losses to INR 1.06 billion, while losses after tax for the quarter were INR 1.78 billion.

Ather Energy's market share grew to 14.3 percent nationally, up from 7.6 percent in the same quarter of the previous year. The company maintained its leading position in South India with a 22.8 percent market share and expanded its presence in Middle India, where its share grew to 10.7 percent.

The company attributed the growth to demand for the Ather Rizta model and the expansion of its retail footprint, which saw the addition of 95 new Experience Centres during the quarter. This brings the total number of centres to 446. Ather also continued to invest in its charging network, which now has 4,032 points across India, Nepal and Sri Lanka.

Tarun Mehta, Executive Director and CEO, Ather Energy, said, “We have had a phenomenal start to this financial year, led by Rizta’s success and a strong expansion of our retail footprint. We were No.1 by market share in South India this quarter and are now scaling up quickly across Middle India, which has ramped up faster than expected. Over the next quarters, there will be a larger footprint expansion in the Northern markets. This quarter saw significant growth in our margins, demonstrating our strong focus on profitability. Even as we expand pan-India, our ASP has held steady, and our market share continues to grow.”

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TVS Motor Company, a leading manufacturer of two-wheeler and three-wheeler has launched a new design platform – TVS Indus Design Honours.

The platform aims to nurture design talent and promote innovation, which focusses on meaningful, inclusive and supports India’s diverse landscapes, lifestyles and people.

The company shared that the term ‘Indus’ draws from the Indus Valley Civilisation, one of the world’s earliest and most advanced societies. TVS Motor aims to blend India’s rich design heritage with a progressive, forward-looking mindset

Amit Rajwade, Vice-President – Design, TVS Motor Company, said, “Design is the bridge between imagination and impact. With TVS Indus Design Honours, we are creating a platform where the next generation of designers, thinkers and creators can reimagine Indian mobility as an original, culturally rooted expression of who we are and where we’re headed. This initiative reflects TVS Motor’s commitment to design-led innovation and sustainable mobility. This platform intends to promote Design among the Indian youth and nurture talent from both design and non-design backgrounds to help shape not just how we move but ignite the global conversation on the future of mobility.” 

The platform is open to all Indian residents including students, young professionals and design enthusiasts.

The challenge for the 2025 edition is theme-based, drawing inspiration from four distinctive regions — Thar, Sahyadri, Kutch and Mumbai.

Interested individuals can submit their entries that propose mobility concepts spanning monowheel, two-wheeler and three-wheeler formats, while incorporating environmental, social and cultural relevance. The challenge officially opens for registrations today, with the deadline for submissions set for 6 October 2025.

The entries will be evaluated by an expert jury comprising leading names from the world of design and mobility. The entries will be judged on originality, contextual relevance, user-centricity and feasibility. The top three winners will receive cash prizes up to INR 500,000, with additional recognition through a Viewers’ Choice award and opportunities for internship consideration with the TVSM Design Team.

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Honda Motorcycle & Scooter India, one of the leading two-wheeler manufacturers in the country, has inaugurated its premium motorcycle sales and service outlet the Honda BigWing Ring Road, in Lucknow, Uttar Pradesh.

The new facility will cater exclusively to Honda’s premium motorcycle buyers. The company’s premium portfolio is led by BigWing Topline, which covers the entire premium motorcycle range (200cc – 1800cc) in top metros, and BigWing, exclusively for the mid-size motorcycle segment (200cc – 750cc) in other cities. Its range of motorcycles include the Hornet 2.0, NX200, CB350, H’ness CB350, CB350RS, CB300F, CB300R, Rebel 500, NX500, CB650R, CBR650R, XL750 Transalp, Hornet 750,  X-ADV, Hornet 1000 SP and the flagship Gold Wing Tour.

With this the company now has over 150 BigWing touchpoints across India. The new BigWing dealership features a black and white monochromatic theme.

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Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has announced its financial results for Q1 FY2026, with a significant 20 percent increase in revenue for the first quarter.

The company's revenue climbed to INR 100.81 billion, up from INR 83.76 billion in the same period last year.

The company's profitability also saw a major boost. Operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 32 percent to INR 12.63 billion, with the operating margin improving to 12.5 percent from 11.5 percent. This led to a 35 percent increase in Profit After Tax (PAT) to INR 7.79 billion.

During the period, TVS Motor registered its highest ever quarterly sales, with overall two- and three-wheeler sales growing by 17 percent to 1.27 million units. This includes motorcycles sales at 621,000 units, up 21 percent, scooters at 499,000 units, up 19 percent, three-wheelers sales at 45,000 units, up 46 percent and electric scooters at 70,000 units, up 35 percent YoY respectively.

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Bengaluru-based electric two-wheeler manufacturer Ather Energy has launched a new variant of its 450S electric scooter, featuring an upgraded 3.7 kWh battery pack that delivers an IDC range of 161km. Priced at INR 145,999 (ex-showroom, Bengaluru), the new model offers an extended range while maintaining the performance DNA of the 450 series.

The variant is positioned to bridge the gap between the entry-level 450S 2.9 kWh and the higher-end 450X. It features the same 5.4 kW motor producing 22 Nm of torque, a claimed top speed of 90 kmph, and zero to 40 kmph acceleration in 3.9 seconds.

Ravneet Phokela, Chief Business Officer, Ather Energy, said, "The 450 series has always set the bar for performance, technology, and reliability in the Indian electric scooter market. With the launch of the 450S featuring a 3.7 kWh battery pack and an IDC range of 161km, we're bringing the extended range previously exclusive to the 450X. The new 450S variant is specifically designed for riders who prioritise the sporty appeal and long-range capability of the 450 series over the advanced software features of the 450X. With an IDC range of 161 kms offered by the new 450S, riders can now confidently plan longer journeys and still experience the thrilling performance the 450 series is renowned for, all at a more accessible price."

The new 450S retains the sharp styling and build quality of the 450 range, while offering four riding modes – Smart Eco, Eco, Ride and Sport. It also comes equipped with a 7-inch DeepView Display, Bluetooth connectivity, turn-by-turn navigation, AutoHold, Fall Safe, OTA updates and access to the Ather Grid fast-charging network.

Bookings are now open, with deliveries set to begin from August 2025. Ex-showroom prices for the new variant are INR 148,047 in Delhi, INR 148,258 in Mumbai, INR 145,999 in Bengaluru and INR 147,312 in Chennai.

The scooter is covered under Ather’s 'Eight70' warranty programme, which offers 8 years or 80,000 km of coverage, guaranteeing 70 percent battery health during the period.

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