CLSA initiates Ather Energy at 'Outperform', sets Rs 1,450 target with 57% upside
CLSA begins coverage on Ather Energy citing India's e2W shift to product-led growth. It flags Ather's premium positioning, software ecosystem and cost-cutting EL platform driving fourfold volume growth, projecting 40% CAGR over FY26-FY30 and 22% market share by FY28.
CLSA initiates coverage on Ather Energy with 'Outperform' and Rs 1,450 target (57% upside), citing India's e2W shift to product-led growth, Ather's premium positioning, software ecosystem and cost-reducing EL platform driving fourfold volume growth.