Ather now worth over 3.5 times Ola Electric as scooter sales diverge

Ather Energy's market value stood near ₹65,000 crore in late October, more than three-and-a-half times Ola Electric's roughly ₹16,000 crore. Ather's shares have risen from a ₹326 listing price to about ₹1,600, while Ola trades over 50% below its IPO price. Ather sold nearly 28,000 scooters in September, while Ola's registrations fell below 12,000, trailing TVS, Bajaj and Ather.