Both the stocks are also surging on very strong volumes. Close to 1.8 crore shares of Amara Raja Batteries have already changed hands as of 1 PM, significantly higher than their 20-day average of 4 lakh shares at this time of the day.
Over 80 lakh shares of Exide Industries have also changed hands so far, higher than the 20-day average of 12 lakh shares.
In an interaction with CNBC-TV18, the Federation of Automobiles Dealers Association (FADA) said that dealers and manufacturers are already preparing for a cleaner and greener future.
Electric Vehicle sales jumped around 25% from last year in financial year 2026 to 24.5 lakh units as per industry reports.
Union Road Transport & Highways Minister Nitin Gadkari said that the government will be reviewing the proposed Corporate Average Fuel Efficiency (CAFE) III norms within 15 days.
The remarks come amid ongoing discussions on how EVs are counted under CAFE calculations, where they are currently treated as zero-emission vehicles.
According to a Moneycontrol report, Amara Raja is accelerating its lithium-ion strategy with focus on the fast-growing telecom and data centre segments.
The company is targeting exports to 80 countries and is preparing to start a cell pilot facility in Telangana. According to the report, the first giga factory with 2 GWh capacity is on track to be operational by the end of 2027.
Shares of Amara Raja Mobility are trading 14% higher at ₹883.3. The stock is now at a 52-week high, having gained 31% so far in the month of April. This is turning out to be the best month that the stock has seen since June last year, during which the stock had surged 40%.
Exide Industries shares are trading 7% higher at ₹355.5. The stock is up 24% in April so far, which is turning out to be the best month that the stock has had since April 2024, during which the stock had gained over 30%.
