Shares of Ather Energy Limited touched a day high of Rs 976.50 on the BSE on 27 May after the company announced it had incorporated a new wholly owned subsidiary, Ather Insurance Limited, to enter the insurance distribution business.

The new arm will not sell its own insurance policies. It will work as a corporate agent, tying up with existing insurance companies and offering policies directly to Ather customers through its own platform. 

Customers can access coverage without going through third-party agents or separate processes. The company said it will seek the necessary approvals from IRDAI, the insurance regulator, before operations begin. This was not a sudden call. Ather’s board had cleared the plan back on 19 December 2025. 

The subsidiary has now been formally incorporated with 100% ownership by Ather Energy, funded through a cash subscription at a face value of Rs 10 per share.

The move expands Ather’s presence beyond vehicles, charging and after-sales services. The company already runs its own fast-charging network called Ather Grid and offers servicing and an extended warranty product. 

Adding insurance distribution brings another piece of the ownership experience in-house. The timing lines up with a strong quarter. In Q4 FY26, Ather’s revenue jumped around 74% year on year to Rs 1,174.66 crore. 

Its net loss narrowed sharply to Rs 100.23 crore from Rs 234.36 crore in the same period last year. 

The company also delivered its highest-ever quarterly volumes at 83,418 units, up 76% from the previous year. For the full year FY26, it sold 2.62 lakh units, up 69%.

Shares of Ather Energy traded near the Rs 957 mark on the BSE, after touching an intraday high of Rs 976.50. The stock’s 52-week range sits between Rs 306 and Rs 989.40.

Ready to invest like a pro? Tradz by EquityPandit app equips you with 100+ Free tools and knowledge you need to succeed. Download the Tradz by EquityPandit app and gain access to daily stock lists and insightful market analysis and much more!