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Shares of major Indian electric vehicle manufacturers Ola Electric and Ather Energy surged following the market debut of their latest scooter models. Investors are closely monitoring production incentives and rising consumer demand within the country’s rapidly expanding EV sector.
Indian equities ended the trading session in negative territory influenced by uncertain global economic data, with notable movements in Wipro, Lenskart, Tata Motors Passenger Vehicles, Ather Energy, and Kotak Bank.
The concept of space-based solar power is being explored as a way to overcome the limitations of terrestrial solar panels, which are affected by clouds and night. In space, solar panels can continuously gather energy without atmospheric interference.
Vietnam is turning to Russia to secure energy deals, aiming to mitigate the impact of the global energy crisis and support its economic growth objectives.
Ather Energy introduces its new Konarc electric scooter priced at Rs 99,999, aiming to capture broader consumer demand in India's competitive EV two-wheeler segment.
Indian two-wheeler manufacturer Hero MotoCorp is injecting significant capital into Ather Energy, increasing its ownership to 32.8% as it expands its presence in the electric vehicle sector.
Factories utilizing solar power are proving effective in mitigating the impact of energy disruptions, showcasing the benefits of renewable energy solutions.
Aakash K Hindocha of Nuvama Professional Clients Group has recommended Chambal Fertilisers and Chemicals, Ather Energy, and KSB as top stocks to buy on March 19.
Electric vehicle maker Ather Energy saw its shares climb after Hero MotoCorp executed a Rs 1,758 crore transaction to increase its ownership stake by approximately 3%.
Ather Energy is said to be planning a $200 million share sale in India, indicating a significant move for the electric vehicle manufacturer.
Ather Energy, a company that has evolved from a lab project to a market leader, faces scrutiny over whether its current 9x revenue multiple can be justified given its rapid expansion.