{"id":600561,"date":"2023-08-31T09:36:31","date_gmt":"2023-08-31T04:06:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=600561"},"modified":"2023-08-31T10:24:10","modified_gmt":"2023-08-31T04:54:10","slug":"ev-maker-ather-energys-revenue-jumps-4-4-times-loss-2-5-times-in-fy23","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ev-maker-ather-energys-revenue-jumps-4-4-times-loss-2-5-times-in-fy23\/","title":{"rendered":"EV maker Ather Energy&#8217;s revenue jumps 4.4 times, loss 2.5 times in FY23"},"content":{"rendered":"<p>Ather Energy&#8217;s net loss has jumped by 151.2 per cent year-on-year to Rs 864.5 crore in 2022-23 (FY23) as the electric two-wheeler maker continues to focus on expanding volumes and market share. <\/p>\n<p>The company&#8217;s total revenue has increased by 336.6 per cent year-on-year to Rs 1,783.6 crore in FY23, according to Hero MotoCorp&#8217;s annual reports. Hero MotoCorp, India&#8217;s largest two-wheeler maker, owns about 37 per cent in Ather Energy. <\/p>\n<p>Ather Energy did not respond to queries sent by Business Standard on this matter. However, a company executive stated that Ather is focused on expanding its sales right now and it will achieve profitability in &#8220;mid-to-long term&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ather Energy&#8217;s net loss has jumped by 151.2 per cent year-on-year to Rs 864.5 crore in 2022-23 (FY23) as the electric two-wheeler maker continues to focus on expanding volumes and market share. The company&#8217;s total revenue has increased by 336.6 per cent year-on-year to Rs 1,783.6 crore in FY23, according to Hero MotoCorp&#8217;s annual reports. Hero MotoCorp, India&#8217;s largest two-wheeler maker, owns about 37 per cent in Ather Energy. Ather Energy did not respond to queries sent by Business Standard on this matter. However, a company executive stated that Ather is focused on expanding its sales right now and it [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-600561","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/600561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=600561"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/600561\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=600561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=600561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=600561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}