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)
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