Ken Research

The Philippines EV charging market may soon be judged less by the number of chargers installed. It may be judged by who controls the charging ecosystem. At Ken Research, our latest analysis shows the market is moving beyond infrastructure rollout toward monetisation, customer ownership, and operating-model innovation. As the market approaches a 1:8 charger-to-EV ratio, success will depend less on deploying chargers and more on improving utilisation, recurring revenue, and customer engagement. Four strategic themes are beginning to shape the market: Platform-led charging ecosystems Fleet wallets and digital payment platforms Real-estate-led charging with solar integration Data-driven customer and energy management For charging operators, investors, and mobility companies, the opportunity is no longer just expanding charging infrastructure. It is building scalable business models that convert charging access into repeat demand, payment flows, fleet partnerships, and long-term value creation. #PhilippinesEVMarket #EVCharging #EVInfrastructure #ElectricVehicles #FleetElectrification #CleanEnergy #MobilityStrategy #MarketResearch #BusinessStrategy #KenResearch

India's next industrial investment opportunity may not come from the biggest sectors. It may come from the biggest platform gaps. India's industrial economy is projected to reach $2.1 trillion, but not every high-growth sector is equally investable. Our latest analysis highlights a shift in how institutional investors are evaluating opportunities. The focus is moving beyond sector growth toward platform readiness, where scalable, institution-ready businesses are still missing. Four industrial white spaces stand out: • Critical-mineral & battery recycling • Industrial drone & counter-drone manufacturing • Green hydrogen electrolysers • Semiconductor OSAT & advanced packaging These sectors combine strong demand fundamentals, policy support, and localisation tailwinds. Yet, they continue to face a shortage of scalable industrial platforms. For PE and growth investors, the opportunity is no longer just identifying the next high-growth industry. It is identifying where the next institutional-grade platform can be built. #IndiaIndustrialMarket #IndustrialInvestment #PrivateEquity #Manufacturing #GreenHydrogen #BatteryRecycling #Semiconductors #DroneManufacturing #IndustrialGrowth #KenResearch

India’s 4W EV market has crossed the awareness barrier. The harder question now is whether buyers feel confident enough to switch. Ken Research field study across 5,000 respondents in 15 major Indian cities shows a clear gap between consideration and conversion. EVs are visible, understood, and increasingly relevant, but ICE still remains the safer default for most buyers. The signal is not a weak demand. The signal is incomplete readiness. Key patterns emerging from the study: • 29% of buyers show EV intent, while 71% still prefer ICE • The current EV audience is concentrated among urban, educated, mid-career salaried professionals • Environmental awareness is already high, but policy clarity and charging certainty remain weaker conversion signals • Public charging openness is strong, yet home, parking, and workplace charging confidence still need improvement • Ownership economics remain a decisive barrier, with upfront premiums of ₹1L to ₹4L still outweighing perceived annual service savings India’s passenger EV adoption will not scale only through more awareness, more models, or more public chargers. The next growth phase will depend on reducing buyer uncertainty at three levels: daily usage fit, dependable charging access, and clearer ownership economics. For OEMs, financiers, charging operators, and policymakers, the opportunity is to convert interest into trust. Read the full analysis: https://lnkd.in/gJjDtBEE What will be the strongest unlock for India’s next wave of 4W EV adoption: price correction, charging confidence, or ownership economics? #ElectricVehicles #EVAdoption #IndiaEVMarket #AutomotiveIndustry #PassengerVehicles #FutureOfMobility #ChargingInfrastructure #SustainableMobility #ConsumerInsights #MarketResearch #KenResearch #MobilityStrategy #EVInfrastructure #BusinessStrategy #AutomotiveMarket

India's industrial opportunity is no longer defined by sector growth alone. The more important question is: Where are the next institutional-grade industrial platforms yet to be built? As India moves toward a $2.1 trillion industrial market, investors are increasingly evaluating opportunities through the lens of platform readiness, operational depth, localisation capabilities, and long-term scalability. Several high-potential white spaces are emerging: • Critical mineral and battery recycling • Industrial drone and counter-drone manufacturing • Green hydrogen electrolyser manufacturing • Semiconductor OSAT These segments combine rising demand visibility, supportive policy frameworks, and relatively limited organised supply. At Ken Research, we believe the next wave of industrial value creation may come from businesses that can transform these emerging opportunities into scalable, governance-led platforms capable of attracting institutional capital. The investment debate is shifting from *where India is growing* to *where the next PE-grade industrial platforms are still waiting to be built.* #IndiaIndustrialMarket #PrivateEquity #IndustrialPlatforms #Manufacturing #GreenHydrogen #Semiconductor #BatteryRecycling #DroneManufacturing #IndustrialGrowth #IndiaEconomy

Who is leading Bangladesh’s electric two-wheeler market? Revoo continues to lead among named brands, but the race is getting tighter. In April 2026, Revoo recorded approximately 645 units, while Walton rose sharply to 605 units, narrowing the competitive gap and signalling a more dynamic market landscape. At the same time, brand rankings are becoming less predictable. New competitors are gaining momentum, and demand remains spread across several smaller players. The signal is clear: Bangladesh’s electric two-wheeler market is moving beyond early-mover advantage. The next phase will be defined by execution. At Ken Research, we believe the strongest opportunities will belong to companies that build a complete ownership ecosystem around electric two-wheelers, not just sell vehicles. This means strengthening: Dealer and distribution networks Affordable financing options After-sales service Spare parts availability Product reliability Customer support The future competitive advantage will not come from selling more electric two-wheelers alone. It will come from owning the customer journey. Read the complete market analysis: https://lnkd.in/gt6S-aS5 What will create the strongest competitive moat in Bangladesh’s EV market: pricing, financing, distribution, or after-sales service? Share your view in the comments. #BangladeshEVMarket #ElectricTwoWheelers #ElectricMobility #EVMarket #EVTrends #MarketIntelligence #KenResearch

India's IPO market doesn't have a demand problem. It has a quality problem. FY26 made that clear. With 371 IPOs raising nearly ₹196K Cr, the market demonstrated strong liquidity and sustained investor interest. Yet, several highly subscribed IPOs failed to deliver on listing day. At Ken Research, we believe this marks a structural shift in how IPOs will be evaluated. As India enters FY27, investor attention is likely to move beyond subscription figures toward the quality of demand, capital deployment, governance, and long-term business fundamentals. The question is no longer: Which IPOs can attract demand? The real question is: Which IPOs deserve investor capital, conviction, and public-market credibility? With more than 110 companies awaiting SEBI approval, the next IPO cycle is likely to reward businesses that demonstrate: • Strong institutional demand rather than short-term momentum. • A clear and credible deployment of IPO proceeds. • Sustainable growth backed by financial quality. • Strong governance and long-term public-market readiness. Oversubscription may continue to make headlines. But from Ken Research's perspective, quality, not just demand, is likely to become the defining factor for IPO success in FY27. Do you think investors will prioritize subscription numbers or business fundamentals in the next IPO cycle? #IndiaIPO #IPOMarket #CapitalMarkets #PublicMarkets #EquityCapitalMarkets #SEBI #InvestorConfidence #CorporateGovernance #MarketStrategy

Aishwarya Kochhar, your words mean a lot to all of us at Ken Research. Thank you for being part of our journey and for contributing with such sincerity, energy, and warmth. We are proud to have been a part of your growth story and wish you continued success ahead. You will always remain a valued part of the Ken Research family.

Success is never built alone. It's built by people who raise the bar every single day. At Ken Research, we believe that every milestone is powered by individuals who consistently deliver excellence, embrace ownership, and inspire those around them. Today, we're proud to celebrate our Ken Celestials, Star Performers, and Spot Award Winners, our teammates whose dedication, innovation, and commitment continue to shape our journey. Your hard work, passion, and commitment make a lasting impact—not just on projects, but on the people you work with every day. Here's to achieving more milestones together. Built Together. Win Together. Congratulations once again to all our winners! #KenResearch #KenPerformers #KenCelestial #StarPerformer #SpotAward #EmployeeRecognition #WorkplaceExcellence #TeamSuccess #GrowthMindset #PeopleFirst #BuiltTogetherWinTogether Sachin Sharma Sunaiyna Varma Vishal Kundu Snehal kumar Yashvardhan Singh Sidhika Jain Vasuman Baisla Vishal Singh Chauhan Laksh Manan Rishabh Verma Varnika Goel Dhanraj Johari Siddharth Raj ANUKRITI SINGH Kunal Sharma Yunisha Raiguryani Shivani Mehra Shrey Gupta Manik Chandra ARNAV CHATURVEDI Piyush Goel Gaurav Singh

India's EV market is growing. But consumer purchase intent is still lagging. Ken Research surveyed 5,000 current four-wheeler owners and intending buyers across 15 major Indian cities to understand what is really driving EV adoption. The findings reveal a significant gap: • Only 29% intend to purchase an EV. • 71% still prefer an ICE vehicle. This is despite a highly aware respondent base, where: • 97.1% are graduates. • 51% are private salaried professionals. So, what is holding buyers back? The challenge is no longer awareness. It's confidence. Consumers continue to weigh concerns around: • Upfront vehicle cost • Charging infrastructure • Battery life and replacement costs • Resale value • Total cost of ownership India's EV stock reached 5.45 million vehicles in 2024, showing that the transition is well underway. But the next phase of growth will depend on making EV ownership economically compelling, not just environmentally appealing. For automakers, charging infrastructure providers, and policymakers, the opportunity is clear: turn consumer interest into purchase confidence. Read the complete analysis: https://lnkd.in/gnf5YHfp What do you think is the biggest barrier preventing EV adoption in India? #IndiaEVMarket #ElectricVehicles #EVAdoption #ElectricMobility #AutomotiveIndustry #ConsumerInsights #SustainableMobility #EVInfrastructure #MarketResearch #KenResearch