Bengaluru-based Ather Energy is charging into the public market with an INR 29.81 billion initial public offering (IPO), marking a pivotal moment in the evolution of India’s electric mobility space. The IPO, which opens for public bidding on April 28 and closes on April 30, reflects growing confidence in India’s electric vehicle (EV) market, even as global trade dynamics remain uncertain.
Priced between INR 304 and INR 321 per equity share, Ather’s offering consists of a fresh issue worth INR 26.26 billion and an Offer for Sale (OFS) of approximately INR 3.55 billion. Early stakeholders offloading shares include co-founders Tarun Mehta and Swapnil Jain, as well as prominent institutional investors such as Caladium Investment, National Investment and Infrastructure Fund II and Hero MotoCorp-backed venture arms.

A Strategic Leap 
Founded in 2013, Ather Energy has built a reputation for innovation and quality in the Indian two-wheeler segment. Best known for its flagship 450X electric scooter and the recently launched family-oriented Rizta, Ather has maintained a premium positioning in a price-sensitive market, a feat achieved through a blend of robust design, cutting-edge tech and consistent consumer engagement.
Now, as the company seeks to raise capital for the next leg of its journey, the strategic intent behind the IPO is clear. Proceeds from the fresh issue will be used to ramp up manufacturing capacity, enhance the product portfolio, pare down debt and invest in corporate infrastructure. This expansion is crucial for Ather to retain its competitive edge against deep-pocketed rivals, including legacy automakers and well-funded start-ups.

Driving Growth
At a recent press conference, Chief Executive Officer Tarun Mehta struck an optimistic note on the state of India’s EV ecosystem. “While the entire tariff situation is open, in our opinion, the Indian consumer story, specifically the EV adoption story, remains unchallenged because it’s driven by very secular truths,” he said.
Mehta highlighted three primary factors underpinning the surge in electric two-wheeler adoption including a significantly lower total cost of ownership, greater ease of use and long-term structural shifts favouring clean mobility. These drivers provide insulation against short-term geopolitical disruptions and policy volatility.
That confidence appears to be resonating with both retail and institutional investors with many market watchers calling the IPO a barometer of the Indian EV market’s maturity.

IPO Mechanics and Market Positioning
The offering is being made under Regulation 6(2) of the SEBI ICDR Regulations via a 100 percent book-building process with shares set to list on both the BSE and the NSE. Anchor investor bidding opens on April 25, ahead of the general subscription window.
 

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Swedish electric performance car brand Polestar is significantly enhancing the public charging experience for its European drivers through a series of integrated services. Central to this effort is the Polestar Charge app, which now provides streamlined access to an extensive network of more than one million charging points, positioning it as one of the continent's most comprehensive systems. A key feature simplifying this process is Plug & Charge technology, which automates authentication and payment when connecting to compatible stations, offering a seamless experience at nearly a thousand locations in the UK alone.

Further expanding convenience, Polestar has become an early adopter in fully incorporating Tesla Superchargers directly into its own app and vehicle systems. This integration allows drivers to locate, access and utilise over 20,000 Superchargers across Europe without needing separate applications. Real-time availability for these stations is displayed within the car’s native Google Maps navigation, aiding in efficient route and charging stop planning.

The network itself combines major cross-border operators like IONITY, Fastned and Total with regional providers, ensuring wide coverage. For users seeking added value, a subscription option offers reduced rates at more than 80,000 fast-charging points from dozens of operators. The service's popularity is reflected in its rapidly growing user base, which saw a 30 percent rise to over 45,000 users by 2025. Together, these developments create a cohesive and user-focused charging ecosystem for Polestar owners.

Olivier Loedel, Head – Product Software Management, Polestar, said, “With Polestar Charge, we give our customers access to one of the biggest charging networks in Europe. By expanding Plug & Charge and fully integrating Tesla Superchargers, we’re improving our premium seamless charging experience even further. Our strong charging offer, integrated with the in-car navigation in Google Maps, sets us apart from many competitors.”

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BYD, the world’s leading New Energy Vehicle (NEV) maker, has become the Official Car Partner of the Glasgow 2026 Commonwealth Games. The event, running from 23 July to 2 August 2026, will see 3,000 athletes from 74 nations compete across 10 sports and six Para sports at four venues in the city. For the occasion, BYD will supply a fleet of 90 vehicles to facilitate operations and transport athletes and personnel along the vast competition corridor.

The partnership was announced with the participation of BYD UK's Deputy Country Manager Steve Beattie and Glasgow 2026's Chief Operating Officer Jade Gallagher. They were joined by local swimmer Katie Shanahan, who is set to compete for Team Scotland. BYD will also serve as an Official Partner for the Scottish host nation team, supporting home athletes like Shanahan as they pursue medals.

This collaboration underscores BYD's significant role in the UK's shift towards electric mobility. The company's international prominence is reflected in its domestic sales, having captured a 12.01 percent market share of the fully electric and plug-in hybrid vehicle market through 2025, establishing it as the country's top New Energy Vehicle manufacturer.

Steve Beattie, Deputy Country Manager, BYD UK, said, “BYD is hugely proud to become the Official Car Partner of the Glasgow 2026 Commonwealth Games. With the city’s organisers creating a highly sustainable model for running the Games, I believe BYD’s technology-led approach to reducing emissions makes this agreement the perfect fit for both sides.”

Jade Gallagher, Chief Operating Officer, Glasgow 2026, said, “One of our biggest ambitions for Glasgow 2026 is to be the most environmentally sustainable Commonwealth Games, setting new standards for best practice by using existing venues, reducing waste and carbon emissions. We can’t achieve that without a partner like BYD who have a global reputation for their innovation in new energy vehicles.”

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Marking a significant step in its electrification strategy, Subaru Corporation has initiated domestic production of Battery Electric Vehicles at its Gunma Yajima Plant. This launch coincides with the finalisation of extensive upgrades to the plant’s production systems, a project commenced in August 2025. Central to these enhancements is a new, flexible assembly line engineered to manufacture the all-new E-Outback alongside traditional petrol and hybrid models within a single, integrated process. This approach leverages Subaru's established expertise in mixed-model production, allowing the company to adapt efficiently to the evolving automotive landscape.

The E-Outback itself represents a key milestone as Subaru's second global BEV, developed through a longstanding alliance with Toyota Motor Corporation. This partnership, celebrating its twentieth anniversary in 2025, has grown to encompass collaborative efforts in development, production and supply chain management. The recent manufacturing advancements are a direct result of deepened cooperation in electrification technologies, combined with continuous refinement of Subaru’s own manufacturing, or monozukuri, capabilities.

Looking forward, Subaru intends to further increase manufacturing flexibility. This focus aims to achieve greater production efficiency and development agility, thereby strengthening the company's ability to respond to market shifts and bolster its overall competitiveness. The Subaru E-Outback is scheduled for introduction in the United Kingdom during Summer 2026, with full specifications to be disclosed nearer the launch date.

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VinFast’s strategic progress in India has been further validated through recent accolades from the influential Vikatan Group media network. The company was distinguished with two significant awards: one recognising its substantial investment commitment, and the other honouring its VF 7 model as the premier urban electric vehicle for 2026. These commendations underscore the brand’s deepening integration into the Indian automotive sector, highlighting both its industrial strategy and its product relevance.

The title of Investor of the Year, conferred by Nanayam Vikatan business magazine, specifically acknowledges VinFast’s landmark commitment to establishing an electric vehicle manufacturing facility in Thoothukudi, Tamil Nadu. This project is noted not only for its scale and strategic clarity but also for its anticipated role in fostering a new industrial corridor, generating employment and bolstering the local supplier network. It aligns with national initiatives like Make in India and reflects confidence in the region’s manufacturing potential.

Concurrently, the VF 7 electric SUV was named Urban Electric Vehicle of the Year at the Motor Vikatan Awards 2026. This recognition from automotive experts underscores the model’s successful adaptation to India’s urban driving conditions, balancing design, performance, safety and comfort. It serves as a testament to VinFast’s product development focus and its localisation strategy aimed at meeting specific market demands.

As a respected media institution in South India with a legacy dating to 1926, the Vikatan Group’s awards carry considerable weight among businesses and consumers. These latest honours add to a growing list of VinFast’s achievements in the market, illustrating the convergence of its investment, manufacturing, and product efforts. Within a short timeframe, the company has employed a long-term strategy encompassing manufacturing, retail, charging infrastructure and after-sales services. Through this comprehensive approach and a focus on sustainable innovation, VinFast is steadily building its brand presence while contributing to India’s transition towards green mobility.

Pham Sanh Chau, CEO, VinFast Asia, said, “Being recognised in two important award categories demonstrates how VinFast is steadily building its position in India, not only through long term investment commitments but also through products developed to match local conditions and user needs. This recognition provides further momentum for us to accelerate implementation, expand the electric vehicle ecosystem, and maintain a long-term partnership with the Indian market.”

B Srinivasan, CEO, Vikatan Group, said, “VinFast India represents the new-age investor – bold in vision, swift in execution and deeply aligned with India’s growth story. By unravelling the true potential of the port city of Thoothukudi, VinFast India has helped create a conducive industrial ecosystem, played a positive role in employment generation and restored the city’s importance on India’s manufacturing map. Their investment is not just capital at work but confidence in India’s future.”

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