1 day ago
Ather Energy Stock Surges 130%, Outpacing Tesla and BYD
Ather Energy makes electric scooters in India.
Its stock price has risen almost 130% in 2026.
That is much stronger than the performance of a broader group of electric-vehicle companies.
Investors are paying attention because India is encouraging more people to use electric vehicles.
Ather is backed by Hero MotoCorp and runs a network of charging stations.
The company recently introduced a new scooter called Konarc for the mass market.
Analysts think Ather could increase its share of India’s electric two-wheeler market.
All 14 analysts tracked by Bloomberg recommend buying the stock, although forecasts can change.
Ather Energy shares have risen nearly 130% in 2026, outperforming a broader EV-stock gauge that is down 1%.
The Bengaluru-based electric two-wheeler maker is backed by Hero MotoCorp and operates its own charging network.
BlackRock Global Funds acquired a stake of less than 1% through open-market transactions on Monday.
Emkay expects Ather’s market share to increase from 17% to 26% by fiscal 2028.
Analysts cite Ather’s Konarc scooter and internally developed EV technology as potential drivers of mass-market growth.
- Who
- Ather Energy, its investor Hero MotoCorp, BlackRock Global Funds, and analysts tracking the company.
- What
- Ather’s shares have surged nearly 130% in 2026 as investors and analysts anticipate stronger growth and market share.
- Where
- Ather is based in Bengaluru, India, and operates in the Indian electric two-wheeler market.
- When
- In 2026; the shares rose more than 36% last month, while BlackRock disclosed its purchase on Monday.
- Why
- The rally is attributed to India’s push for electric-vehicle adoption, Ather’s new products, growing market share, and internally developed technology.
Key facts
- 2026 share performance
- Ather shares have risen nearly 130% so far in 2026.
- Recent monthly gain
- Shares rose more than 36% last month, their strongest monthly increase since the May 2025 IPO.
- Post-listing performance
- The stock has gained about 440% since its listing in May 2025.
- Projected market share
- Emkay expects Ather’s market share to reach 26% by fiscal 2028, compared with 17% at the end of March.
- Institutional investment
- BlackRock Global Funds acquired less than a 1% stake through open-market transactions.
- Analyst recommendations
- All 14 analysts tracked by Bloomberg recommend buying Ather shares.
- Price target
- Axis Capital has a target of 2,100 rupees, described as 22% above Monday’s closing price.
Quotes
Kapil Singh and other Nomura Holdings analysts
Analysts at Nomura Holdings who assessed Ather’s market prospects
“Electrification is at an inflection point in India and Ather remains one of the best long-term plays in the two-wheeler segment”
theprint.in
Chirag Jain
Emkay Global Financial Services analyst
“Ather’s stock price can potentially double even from current levels over the next three-four years. Ather’s pricing philosophy is to lower prices only by reducing its cost structure rather than stripping away features to avoid brand/quality dilution.”
theprint.in
Sources
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