Investment Research - Asia Consumer Sector, Investory

Devi Subhakesan

Investment Research - Asia Consumer Sector. 

Equity Research experience of over 20 years. Earlier, Analyst for leading Buy and Sell-side institutions, covering markets in ASEAN, India, and North Asia. Expertise spans various sectors - Consumer Discretionary, Media, Textiles, Oil, Gas, and Coal.
Passionate about mindfulness and meditation.

Investment Research - Asia Consumer Sector

India EV Sector: Electric 2-Wheelers Are the Early Riders - Know the What, Why & Who

India Channel Insight #28 | What Is the Two-Wheeler EV Scene in India?

India Channel Insight #21 | Hero Motocorp, Royal Enfield (Eicher Motors)

ASIA CONSUMER: INSIGHTS AND INVESTMENT IDEAS

Investory

Investory is a Singapore-based boutique independent equity research firm founded in January 2017 with a primary focus on consumption themes across Asia-Pacific.

We aim to generate investible ideas based on consumption trends and outlook. We screen our ideas on several parameters - product potential, long-term growth and management commitment being the most critical.  We follow a fundamental analysis approach in our stock selection process and are not restricted by market cap.

We aspire to grow into a leading source of unbiased research, free of conflict of interest, for investors yearning for independent and disciplined analysis. 

We also undertake bespoke research mandates to support our Institutional clients’ investment needs.

Our team comprises of professionals with extensive experience in the Asian equity markets, in areas ranging from research, servicing institutional clients and investment management.

Equity Bottom-Up

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<li>
<strong>Tatas are scripting India's early journey in electric cars</strong> - <a href="https://www.smartkarma.com/entities/tata-motors-ltd" target="_blank" data-smartkarma-citation="entities:216:1" rel="noopener">Tata Motors Ltd (TTMT IN)</a> accounted for 87% of the 8077 electric cars sold in Q1FY23 (1605 units in Q1FY22).</li>
<li>The rapid roll-out of charging infrastructure across the country by <a href="https://www.smartkarma.com/entities/tata-power-co-ltd" target="_blank" data-smartkarma-citation="entities:15618:1" rel="noopener">Tata Power (TPWR IN)</a> and the success of Tata's electric car (compact SUV). Tata Nexon EV, are key factors. </li>
<li>Demand and infrastructure for electric cars seem to be in place but market growth is restricted by a lack of choice/adequate supply in the popular price range (&lt;USD 20K).</li>
</ul>



Tatas are scripting India's early journey in electric cars - Tata Motors Ltd (TTMT IN) accounted for 87% of the 8077 electric cars sold in Q1FY23 (1605 units in Q1FY22).
The rapid roll-out of charging infrastructure across the country by Tata Power (TPWR IN) and the success of Tata's electric car (compact SUV). Tata Nexon EV, are key factors. 
Demand and infrastructure for electric cars seem to be in place but market growth is restricted by a lack of choice/adequate supply in the popular price range (&lt;USD 20K).


India EV Sector: Electric Cars in Demand, but Limited Options. Tata's Nexon EV Leads