Hero owns 40 pc stake in Ather Electric. That’s a key positive. In all probability, they are likely to take it up beyond 50 pc. That’s one ( Clearly – they ll end up having deep pockets with Hero’s parentage )
Secondly – Ather – has a far better product perception vs Ola which is currently undergoing a very rough patch wrt piling customer complaints and product breakdowns. Till last year, Ola looked like a clear winner. The tables have now started to turn. Ather docent face these issues
Bajaj Chetak sells around 22-23k EVs / month. They said that they ll start to break even ( at EBITDA levels ) when they start to sell > 25k / month
Ather is currently doing about 12-13k EVs / month
Ola used to do > 40k EVs / month which have now fallen to around 25 k EVs / month due increased customer complaints and bad publicity thereof
Just wanted to highlight these points – not that I recommend or I intend to apply for the IPO
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