New Delhi, July 21 (IANS) Shares of Ather Energy fell about 3 per cent in early trade on Tuesday after the electric two-wheeler maker announced closing of its Rs 1,300 crore Qualified Institutional Placement (QIP), which witnessed robust demand from institutional investors.On the BSE, the stock declined as much as 3.02 per cent to an intraday low of Rs 1,258. At around 12:40 pm, it was trading at Rs 1,277.45, down 1.53 per cent from the previous close.The decline came even as the company announc…
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Bengaluru, July 4 (IANS) Union Minister for Heavy Industries and Steel, H.D. Kumaraswamy, on Saturday chaired a meeting here with leading electric two-wheeler manufacturers and held wide-ranging discussions on strengthening indigenous manufacturing and building a robust, innovation-driven and globally competitive electric mobility ecosystem in the country. During the interaction, the electric two-wheeler manufacturers briefed the Union Minister on their journey in developing homegrown electric m…
New Delhi, June 2 (IANS) India’s electric vehicle (EV) market registered an increase in demand during May this year, as higher fuel prices pushed more buyers towards battery-powered alternatives, according to reports by Nomura and HSBC.According to Nomura, EV sales in May reached 6.4 per cent of passenger vehicle sales, compared with 4 per cent in FY26, while electric two-wheelers accounted for 8.9 per cent of sales, up from around 6.5 per cent last year. The brokerage said that demand sentiment…
Mumbai, May 4 (IANS) Electric two-wheeler maker Ather Energy on Monday reported a sequential increase in its net loss for the fourth quarter of FY26, even as the company posted strong revenue growth and improved year-on-year performance.The company’s net loss widened to Rs 100.23 crore in the January–March quarter (Q4 FY26), compared to Rs 84.64 crore in the preceding December quarter (Q3 FY26), according to its stock exchange filing.However, on a yearly basis, the loss narrowed significantl…
Hyderabad, March 24 (IANS) To encourage the adoption of electric vehicles (EVs) as an eco-friendly alternative to fossil fuel–run vehicles, the Telangana government on Tuesday announced an initiative under which government employees will get up to 20 per cent discount on EVs. Transport Minister Ponnam Prabhakar announced the initiative, said to be a first-of-its-kind in the country.The minister secured discounts of up to 20 per cent on electric two-and four-wheelers for state government employ…