Ather surpasses Ola by market value for the first time as their fortunes diverge

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The change in pecking order mirrors the diverging fortunes of the rivals. Ola ranked fourth among Indian electric two-wheeler makers as of September, with Ather jumping to second place by selling 52,597 units in the quarter. TVS topped the list with 69,195 units, while Bajaj ranked third at 51,120.