⚡ Nomura Doubles Down:

ATHERENERG

Emerges as Top EV Bet

received a strong vote of confidence from Nomura, which retained its 'Buy' rating and raised the target price to ₹1,470. The brokerage expects robust revenue growth, improving profitability, and EBITDA margins to turn positive over the next few years, driven by premium positioning, price hikes, and rising EV adoption. Nomura believes Ather is well placed to benefit from India's accelerating electric mobility transition, making it its preferred pick in the EV space.