Ather Energy Revenue Beats Ola Electric by Rs 65 Cr Despite Selling Fewer Vehicles

In a remarkable display of strategic prowess, Ather Energy has outshone its rival, Ola Electric, in the fourth quarter of fiscal year 2025 (Q4 FY25), generating Rs 676 crore in operating revenue compared to Ola Electric’s Rs 611 crore, a difference of Rs 65 crore.

This achievement is particularly striking given that Ather sold 47,579 vehicles, approximately 1.5 times fewer than Ola Electric’s 60,083 units.

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The performance underscores Ather’s effective pricing strategy and operational efficiency in the competitive electric two-wheeler market.

Financial Performance Overview

The financial results for Q4 FY25 reveal significant differences in the operational strategies of Ather Energy and Ola Electric. Below is a detailed comparison of key metrics:

• Ather Energy generated Rs 676 crore in revenue in Q4 FY25, surpassing Ola Electric’s Rs 611 crore by Rs 65 crore, despite selling fewer vehicles.
• Ather sold 47,579 vehicles, while Ola Electric sold 60,083, about 1.5 times more.
• Ather’s higher average selling price (Rs 1,42,080 vs. Ola’s Rs 1,01,690) contributed to its revenue lead.
• Ather’s losses were significantly lower at Rs 234 crore compared to Ola Electric’s Rs 862 crore.
• The comparison highlights Ather’s efficient dealership model and premium pricing strategy.

Revenue Performance

In Q4 FY25, Ather Energy reported an operating revenue of Rs 676 crore, outpacing Ola Electric’s Rs 611 crore by Rs 65 crore.

This is notable because Ather sold fewer vehicles (47,579) compared to Ola Electric’s 60,083. The revenue gap suggests Ather’s focus on higher-priced scooters and efficient operations.

Ather Energy Vs Ola Electric- Sales Analysis

Ather Energy’s revenue of Rs 676 crore in Q4 FY25 reflects a 29% year-on-year increase from Rs 523 crore in Q4 FY24, as reported by Entrackr.

This growth was driven by strong sales of its premium scooters, particularly the Rizta model, which contributed to a higher average selling price of Rs 1,42,080 per vehicle.

In contrast, Ola Electric’s revenue of Rs 611 crore, while substantial, was impacted by a lower average selling price of Rs 1,01,690, reflecting its focus on mass-market scooters like the S1 X portfolio.

Despite Ola Electric selling 60,083 vehicles—1.5 times more than Ather’s 47,579—the revenue gap highlights the impact of pricing strategies. Ather’s premium positioning allowed it to extract greater value per unit sold, a critical factor in its revenue outperformance.

Ather Energy reported losses of Rs 234 crore in Q4 FY25, a significant improvement over Ola Electric’s Rs 862 crore in losses. Ather’s ability to narrow losses while maintaining strong revenue growth suggests better cost management and operational efficiency.