Indian e-bus makers rise on government plan to encourage EV adoption

Jbm Auto

01/02/2024 06:42

** Electric bus makers Tata Motors  TAMO.NS , JBM Auto
 JBMA.NS , Olectra Greentech  OLEC.NS , and Ashok Leyland
 ASOK.NS  rise 0.3%-5%
    ** Gains come after Finance Minister Nirmala Sitharaman says
in her budget speech that the government will encourage EV
adoption in public transport
    ** Govt plans to expand EV ecosystem by supporting
manufacturing and charging infrastructure
    ** TAMO, JBMA and OLEC up between 13% and 35% YTD, while
ASOK down 3.8% 

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))