Investors in Ather Energy, an Indian electric vehicle manufacturer, saw their shares jump 4% on Friday after the company announced plans to expand into the auto insurance business. This move could make owning an electric vehicle more seamless and boost the company's growth.
About the Expansion
Ather Energy will operate as a corporate agent in the auto insurance services business through a wholly-owned subsidiary. The new entity will offer auto insurance policies in partnership with multiple insurers for its customers across the country.
Benefits for Customers
By bringing insurance distribution closer to the Ather ecosystem, the company aims to make it simpler, more transparent, and better aligned with how customers use their vehicles. Over time, this will also give Ather Energy the ability to work with partners to design auto insurance products that reflect real electric vehicle usage.
Market Reaction
Ather Energy shares were trading higher after the announcement, with the share price rising 3.75% to ₹687 as of 3:00 p.m. on Friday. The company's stock has given investors more than 134% returns on their investment since its listing in May 2025.
Key Statistics
- Ather Energy's market capitalisation stood at ₹26,814.84 crore as of Friday's trading session.
- The company's shares have risen 2.65% in the last one-month period and are trading 7.95% higher in the last five market sessions.
- The 52-week high level was ₹790 on 21 October 2025, while the 52-week low level stood at ₹287.30 as of 7 May 2025.
Remember, this is perspective, not prediction. The electric vehicle and auto insurance markets are constantly evolving, and investors should consult with certified experts before making any investment decisions.