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Ather Energy Rises After MoU with Commerce Ministry

31 Jul, 2025

Ather Energy's shares surged over 3% after signing an MoU with the Commerce Ministry to boost clean mobility and advanced manufacturing under the Build in Bharat initiative. Brokerages Nomura and HSBC are optimistic, setting target prices of Rs 458 and Rs 450 per share due to the growing electric vehicle market, especially in two-wheelers. Ather, holding a 14% market share as the fourth-largest EV maker, is expected to see strong growth, with forecasts predicting a revenue CAGR of 47% by FY28. The company is narrowing its losses and increasing sales, making it a key player in India's EV transition.

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