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The Scanner, July’24 | Wheels of Fortune or Risk? Unveiling an Indian EV Giant’s IPO

5 August 2024

In a riveting exploration of India’s leading electric 2-wheeler manufacturer, this edition of The Scanner dissects the financial intricacies and market dynamics surrounding its IPO. Highlighting aggressive R&D capitalisation, a complex working capital cycle, and rising warranty costs, the analysis offers a critical perspective on the company’s ambitious growth amid high competition. As investors weigh the fertile opportunities against potential red flags, this deep dive by our Sr. Research Analyst, Aman Jain, provides essential insights for judicious decision-making.

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