Electric two-wheeler maker Ather Energy Ltd has incorporated Ather Insurance Limited as a wholly owned subsidiary on May 27, 2026, to enter the insurance corporate agent business. According to reports from CNBC TV18, the subsidiary will operate in insurance capacity with the objective of offering and facilitating insurance policies. The company had earlier informed about the board decision on December 19, 2025, to set up the wholly owned subsidiary, which has been incorporated as a 100% owned entity with 100% shareholding and control through cash consideration.
While no specific governmental or regulatory approvals were required for incorporation, Ather Energy said it will obtain necessary approvals from the Insurance Regulatory and Development Authority of India (IRDAI) before commencing business operations. As reported by CNBC TV18, the company has subscribed to the initial paid-up share capital at a face value of ₹10 per share for the new subsidiary.
Ather Energy's net loss narrowed significantly in the fourth quarter, with the electric vehicle manufacturer reporting a net loss of ₹100 crore during the January-March period, substantially narrower than the loss of ₹234.4 crore reported during the same quarter last year. According to exchange filings, revenue for the quarter increased by 73.8% on a year-on-year basis to ₹1,174.4 crore from ₹676 crore earlier. Losses on the Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) front also narrowed by more than half to ₹70 crore from a loss of ₹173 crore in the year-ago period.
The company delivered its highest-ever quarterly volumes of 83,418 units, representing a 76% increase from the previous year, as reported by CNBC TV18. In the entire financial year, Ather Energy sold 2.62 lakh units, up 69% from the previous year. The company attributed its growth during FY26 to geographic expansion, a rapidly scaling retail footprint and the continued strong performance of its family scooter Rizta.
Shares of Ather Energy Ltd ended at ₹957.50, up by ₹6.95, or 0.73%, on the BSE following the announcement. The stock performance reflects investor confidence in the company's strategic diversification into the insurance segment alongside its strong operational performance in the electric vehicle market.
