Ather Energy Set to Gain from India's Growing EV Penetration

Dow Jones

Jul 09

0605 GMT - Ather Energy stands to benefit from growing electric-vehicle penetration in India, Nomura analysts say in a research report. Strong consumer interest is being complemented by central and state governments' supportive EV policies, the analysts note. As an electric two-wheeler maker, Ather Energy is expected to be a key beneficiary of this trend, they add. The launch of an affordable scooter under its EL platform from fiscal 3Q, along with a new plant, should help address the 100,000-rupee to 125,000-rupee segment of the market. Nomura raises the stock's target price to 1,470.00 rupees from 1,120.00 rupees, with an unchanged buy rating. Shares are 3.0% higher at 1,235.35 rupees. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 09, 2026 02:05 ET (06:05 GMT)

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Strong consumer interest is being complemented by central and state governments' supportive EV policies, the analysts note. As an electric two-wheeler maker, Ather Energy is expected to be a key beneficiary of this trend, they add. The launch of an affordable scooter under its EL platform from fiscal 3Q, along with a new plant, should help address the 100,000-rupee to 125,000-rupee segment of the market. Nomura raises the stock's target price to 1,470.00 rupees from 1,120.00 rupees, with an unchanged buy rating. Shares are 3.0% higher at 1,235.35 rupees. 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Strong consumer interest is being complemented by central and state governments' supportive EV policies, the analysts note. As an electric two-wheeler maker, Ather Energy is expected to be a key beneficiary of this trend, they add. The launch of an affordable scooter under its EL platform from fiscal 3Q, along with a new plant, should help address the 100,000-rupee to 125,000-rupee segment of the market. Nomura raises the stock's target price to 1,470.00 rupees from 1,120.00 rupees, with an unchanged buy rating. Shares are 3.0% higher at 1,235.35 rupees. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 09, 2026 02:05 ET (06:05 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MND","symbol_name":"MSCI 印度（美元）指数","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2650946478","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650946478","pubTimestamp":1783577100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0605 GMT - Ather Energy stands to benefit from growing electric-vehicle penetration in India, Nomura analysts say in a research report. Strong consumer interest is being complemented by central and state governments' supportive EV policies, the analysts note. As an electric two-wheeler maker, Ather Energy is expected to be a key beneficiary of this trend, they add. The launch of an affordable scooter under its EL platform from fiscal 3Q, along with a new plant, should help address the 100,000-rupee to 125,000-rupee segment of the market. Nomura raises the stock's target price to 1,470.00 rupees from 1,120.00 rupees, with an unchanged buy rating. Shares are 3.0% higher at 1,235.35 rupees.  Dow Jones NewswiresJuly 09, 2026 02:05 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CARD":"MAX Auto Industry -3X Inverse Leveraged ETN"},"translate_title":"Ather Energy将从印度不断增长的电动汽车渗透率中获益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MNDmain":1.5,"CARD":1.5},"content_text":"0605 GMT - Ather Energy stands to benefit from growing electric-vehicle penetration in India, Nomura analysts say in a research report. Strong consumer interest is being complemented by central and state governments' supportive EV policies, the analysts note. As an electric two-wheeler maker, Ather Energy is expected to be a key beneficiary of this trend, they add. The launch of an affordable scooter under its EL platform from fiscal 3Q, along with a new plant, should help address the 100,000-rupee to 125,000-rupee segment of the market. Nomura raises the stock's target price to 1,470.00 rupees from 1,120.00 rupees, with an unchanged buy rating. Shares are 3.0% higher at 1,235.35 rupees. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 09, 2026 02:05 ET (06:05 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}