Ola Electric and Ather Energy Stocks Surge Up to 11% Following Delhi Government’s Approval of New EV Policy: What’s Next?
Shares of Ola Electric Mobility and Ather Energy experienced notable price increases, soaring by up to 11% following the Delhi Cabinet’s approval of a comprehensive electric vehicle (EV) policy. This policy, with a financial commitment of Rs 15,000 crore over four years, aims to bolster electric mobility and tackle pollution. As part of the initiative, the Delhi government plans to offer incentives of up to Rs 30,000 for electric two-wheeler purchases in the first year, coupled with existing road tax waivers. This strategic move includes a gradual phase-out of new petrol and CNG two-wheeler registrations, ensuring that only electric two-wheelers can be registered starting April 1, 2028. The ambitious goal is to convert 95% of all new vehicle registrations to electric by 2027, thus transforming the auto landscape of Delhi.
Ather Energy’s stock price surged over 5%, achieving a new 52-week high of Rs 1,142.50 and illustrating an impressive trajectory with a 243% rise over three years. This strong performance reflects confidence in the company’s capabilities and the significant structural changes anticipated within the EV sector driven by the new policy. Ather’s current market capitalization stands at approximately Rs 43,446 crore, showcasing substantial investor interest and potential for further growth in the electric mobility domain.
Ola Electric Mobility also witnessed robust trading activity, with shares climbing to Rs 44.95—a hike of more than 11%. The company has registered a 7% increment over the past month and an 18% increase so far in 2026, indicating a steady upward trend in its market positioning, with a market capitalization of Rs 20,481 crore. This upward trajectory is primarily attributed to the anticipated benefits stemming from the Delhi EV policy, coupled with rising consumer interest in sustainable transport solutions.
Overall, the approval of Delhi’s EV policy acts as a significant catalyst for the electric vehicle market, particularly for local manufacturers like Ola and Ather. The combined approach of financial incentives and regulatory measures is designed to facilitate widespread adoption of electric vehicles, pointing towards a future where EVs will play a central role in urban mobility. Investors should continue to monitor these developments closely, as they will likely influence market dynamics and consumer behavior in the coming years.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova team.)