India, Feb. 2 -- While disclosing a significant improvement in its financial performance for the December quarter, EV major Ather Energy's management is expecting to see significant headwind in the near future due to volatile commodity and component markets.

"We are preparing for the worst. It's hard to say how this will evolve, but we think there's a few percentage points of risk for the rest of the year," Ather's CEOTarun Mehta said in the post earnings call.

The company's manufacturing costs primarily arise from the key raw materials and components - silver, copper, aluminum, electronic components, among others - it procures. Costs of materials required for manufacturing its products accounted for about 70% of its total expenses for ...