India's Ather, Olectra Greentech and JBM Auto rise after Delhi drafts EV shift plan

Ather Energy

13/04/2026 08:00

** Shares of India's Ather Energy ATHR.NS jump 6.4% to 918.20 rupees, Olectra Greentech OLEC.NS rise 1.7% to 1,204.35 rupees and JBM Auto JBMA.NS rise 2.11% to 624.35 rupees

** Shares of EV companies climb after Delhi government unveiled a draft electric-vehicle policy proposing restrictions on fossil-fuel vehicles

** Proposes banning registration of new petrol two-wheelers from April 2028, new CNG three-wheelers from January 2027, as part of efforts to accelerate EV adoption

** Ather makes electric scooters, while JBM Auto, Olectra Greentech manufacture electric buses and other commercial EVs

** Two-wheelers and three-wheelers form large share of Delhi's vehicle base, key contributors to urban emissions- draft policy

** YTD, ATHR up 14.35%, OLEC down 1.23% and JBMA down 2.53%

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))