Ather Energy's New EL Platform Likely to Help Drive Profitability -- Market Talk

Dow Jones03-24

0536 GMT - Ather Energy's new EL platform is likely to help drive profitability, Ambit Capital analysts say in a research report. The modular low-cost architecture platform enables multi-product development to penetrate the market for electric scooters priced below INR125,000 and build scale, the analysts say. Phased capacity addition ensures margin accretion via utilization and higher integration. The Indian electric two-wheeler maker's so-called moat is technology, intellectual property, powertrain and software driven by strong research and development. Its pricing discipline, brand and charging infrastructure also help defend market share. The brokerage initiates coverage of the stock with a buy rating and a target price of INR929.00. Shares are 0.7% higher at INR753.65. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

March 24, 2026 01:36 ET (05:36 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment