Ather Energy shares surged nearly 4 per cent to a fresh 52-week high of ₹1,125 on the National Stock Exchange on Tuesday, leading a rally across Indian electric vehicle names following the approval of new government incentives.
The Delhi Cabinet’s endorsement of the Electric Vehicle Policy 2026 triggered immediate buying interest in the sector.
The policy framework introduces fresh purchase incentives designed to accelerate EV adoption in the capital region, directly benefiting manufacturers and supply-chain partners.
Beyond Ather, the market move broadened to include major auto groups and component makers.
Shares of Atul Auto, TVS Motor, Bajaj Auto, Sona BLW, Minda Corp, and Uno Minda all saw heightened trading activity as investors priced in the potential for increased demand driven by the new subsidy structure.
The policy aligns with India’s wider push toward electrification, complementing earlier initiatives such as the aggressive rollout of E100 ethanol fuel.