Stockrabit · Analysts
Questions across 2 calls

Chirag Jain

Emkay Global Financial Services

Ather Energy Limited

Ather Energy Limited CC-Feb26.pdf · 2026-02-02
Yes, thank you for the opportunity and congratulations on a very strong performance. Tarun, just wanted to understand a bit more. You did mention that non -vehicle revenue consumption typically is 15%-17% for ICE companies, and we are already at 14%, even though this service revenue is still at early stage. So, what would be the steady -state non -vehicle revenue contribution if you can highlight? That would be great, as -- we see maturity in terms of the business model?
Okay, thank you. And one question on the overall electric two -wheeler industry demand environment. We have already seen a cut on GST on ICE two-wheelers, plus probably we might have to take maybe sharper price hike, as you also mentioned? And again, the INR5,000 -subsidy of PM E-drive will expire by March. So how do we see the demand environment for the electric two -wheeler industry for next financial year? I mean, we have already seen some correction, but even though we have seen a comeback, but still not the pre-GST levels in terms of EV penetration?

JK Tyre & Industries Limited