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EV maker Ather Energy nearly doubles revenues, cuts losses by 71% - The Economic Times
Ather Energy's revenue nearly doubled to Rs 1,217 crore in the June quarter. Net losses narrowed significantly to Rs 51 crore, showing improved financial performance. The company reported its first positive quarterly Ebitda of Rs 9 crore. Demand for Ather scooters continues to outpace production capacity significantly. Ather plans to introduce a new mass-segment scooter and expand manufacturing facilities.
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