Ather Energy Shares Hit Record High Following Konarc Scooter Launch

31 Aug 2026, 3:44 pm · 12d ago · 1 min read · Inc42

Electric two-wheeler manufacturer Ather Energy saw its share price surge 5.7% to touch a record intraday high of ₹1,703.90 on the BSE. The rally pushed Ather's market capitalisation to approximately ₹64,973 crore ($6.8 billion). The surge followed the debut of the Konarc electric scooter at Ather's annual Community Day, priced aggressively at ₹99,999 for entry-level buyers. Built on the new EL platform across S and Z product lines, Konarc offers 100 km to 200 km range options. Following the unveiling, brokerage Emkay Global raised its target price on the stock to ₹2,200.