‘Ather Energy on road to 5x revenue growth in FY23’

Electric vehicles (EV) maker Ather Energy is on course to increase its revenues fivefold year on year this fiscal to ₹2,000-2,200 crore, riding on a spurt in sales and increased capacity from a new plant.

The maker of 450 Pro and 450X electric scooters is looking to sell between 90,000 and 1,00,000 units in FY23, up more than 300% from sale of 23,000 e-scooters in FY22, people aware of its plans told ET.