India's Ather Energy reports narrower fourth-quarter loss
May 12 (Reuters) - Indian electric two-wheeler maker Ather Energy ATHR.NS reported a narrower fourth-quarter loss on Monday, helped by strong demand for its top-selling 'Rizta' family scooters.
The company, which made its stock market debut last week, reported loss of 2.34 billion Indian rupees (about $28 million), compared to a loss of 2.83 billion rupees a year before.
($1 = 84.8270 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Varun H K)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
Recent news on Ather Energy
See all newsIndia's Ola Electric to invest $208.5 million in EV, cell tech units (updated)
India's Ather Energy rises as fourth-quarter loss narrows, Emkay sees strong growth ahead
Brief: Ather Energy CEO Says Could Likely Look At Another Price Hike In Coming Months
India's Ather Energy narrows quarterly loss as Rizta e-scooter drives sales growth (updated)
Brief: Ather Energy Says Expectation Of Commodity Costs To Remain Volatile And Elevated In The Short-Term Due To Ongoing Geopolitical Factors