In today’s briefing:
- Ola Electric: Takes Aim at India Motorcycle Mass Market with Competitive Pricing
- Prataap Snacks: Market Expansion, Challenges, and Future Plans
- Morning Views Asia: Lenovo, Citicore Renewable Energy, Vedanta Resources
- Ola Electric (OLAELEC): EV Maker Receives Turbo Boost from Lock-Up Expiries for Index Inclusion
- Morning Views Asia: Lenovo, Citicore Renewable Energy, Vedanta Resources
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Ola Electric: Takes Aim at India Motorcycle Mass Market with Competitive Pricing
- Ola Electric (OLAELEC IN) launched its highly anticipated electric motorcycles, offering models from mass market to super premium.
- With entry-level e-bikes priced to compete directly with Hero Motocorp (HMCL IN)’s popular models, Ola could disrupt India’s high-volume, competitive motorcycle market.
- Ola’s ebike volumes could ramp up quickly if its performance meets expectations of the value conscious customer base in the mass-end of the market.
Prataap Snacks: Market Expansion, Challenges, and Future Plans
- Prataap Snacks Ltd (DIAMOND IN)‘s acquisition of Avadh Snacks and recent manufacturing expansions, including new facilities in Kolkata, Jammu, and Rajkot, align with its growth strategy.
- PSL reported an 8.7% revenue increase in Q1 FY25, despite facing raw material cost inflation and rising overheads. The company has streamlined distribution and cost management to sustain margins.
- PSL’s focus on expanding high-margin segments and leveraging cost efficiencies positions it as a resilient and cheapest player in the snack industry.
Morning Views Asia: Lenovo, Citicore Renewable Energy, Vedanta Resources
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
Ola Electric (OLAELEC): EV Maker Receives Turbo Boost from Lock-Up Expiries for Index Inclusion
- Ola Electric (OLAELEC IN) is likely to get added at the March 2025 review following the lock-up expiry in November 2024 which increases the fcap way above the fcap threshold.
- Current fcap for February 2025 review is ~$1.2bn following the lock-up expiry in November 2024. Inclusion is based on whether fcap passes the prevailing fcap threshold.
- The lock-up expiry in February 2025, increases the probability of addition in May 2025 review if it fails inclusion in February.
Morning Views Asia: Lenovo, Citicore Renewable Energy, Vedanta Resources
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.