Ather Energy Ltd, India’s electric two-wheeler maker is beating global peers in terms of stocks this year. The analysts are pointing to more gains on its growing market share.
In 2026, Ather’s shares have surged nearly 130% so far the rally continues to attract global investors, with BlackRock Global Funds acquiring less than 1% stake via open-market transactions Monday.
According to Emkay Global Financial Services, Ather’s market share expand to 26% by fiscal year 2028, from 17% at end-March. This was due to the new launches and in-house technology that help the company challenge local rival Ola Electric Mobility Ltd.
Ather recently unveiled Konarc, an e-scooter built on its internally developed EV architecture and aimed at the mass market.
Ather: Best-performing debut
Ather has recorded a 440% rally since its listing becoming India’s best-performing debut for companies that raised $300 million or more via public offering in the last five years.
Analysts remain bullish on the stock.
In the first quarter of the financial year, Ather posted an 87.2% increase in total income to Rs 1,260 crore. Vehicle sales rose 80.5% to 83,173 units, reflecting the optimistic trend in its operations.
Company’s EBITDA was recorded at Rs 9 crore, compared with a Rs 106 crore loss in the same period last year with the net loss decreased to Rs 51 crore from Rs 178 crore.
Recently, the asset management firm, BlackRock has purchased nearly 26 lakh shares of electric vehicle maker Ather Energy via an open-market transaction worth Rs 445.3 crore.
BlackRock, through BlackRock Global Funds, bought 25.9 lakh shares at INR 1,713.02 apiece, a premium of 2.1% to the stock’s previous closing price, as per the NSE data.
Hero MotoCorp will also be investing Rs 1,758 crore in electric two-wheeler maker Ather Energy, increasing its stake in the company by 3%.