Industry Outlook of Borana Weaves IPO
Here's an overview of the industry's outlook:
Favourable government policies such as the FAME II scheme, PLI for advanced chemistry cells, and state-level subsidies are catalysing EV adoption.
Rising fuel costs and environmental consciousness are pushing consumers to switch to electric mobility.
India’s EV market is expected to grow at a CAGR of 49% between 2022 and 2030, with two-wheelers accounting for the largest share (Source: IESA).
Infrastructure improvements, like increased EV charging stations and battery swapping facilities, are enhancing adoption.
Domestic manufacturing push is reducing import dependency and promoting ‘Make in India’ initiatives, benefitting companies like Ather.
Private and institutional investments in EV tech and startups continue to rise, signalling long-term sector confidence.
Ather Energy, with its focus on R&D, premium quality scooters, and in-house battery technology, is well-positioned to leverage this favourable landscape. The IPO not only aims to fuel expansion but also highlights the evolving investor confidence in the future of sustainable mobility in India.