Ather Energy is now the second-best performer on the Nifty 500 index, trading with gains of 7%, while those of JBM Auto are still holding on to a 4% advance. Shares of Ola Electric Mobility and Olectra Greentech are also trading with gains of up to 3%.
In his public address in Hyderabad, the Prime Minister urged citizens to use electric vehicles, thereby cutting down on the use of petrol and diesel, which is a key imported commodity by India.
The Prime Minister termed this as a key step to conserve foreign exchange reserves. He also encouraged the use of public transport, metro rails, and carpooling for economic resilience.
Ather Energy In Q4
For the March quarter, Ather energy’s revenue increased by 74% from last year, while its net loss also narrowed on a year-on-year basis.
The growth was driven by record deliveries of over 83,000 units, launch of the Ritza family scooter, and increased geographic expansion.
Ola Electric and JBM Auto are yet to disclose their Q4 results.
Stock Reactions
Shares of JBM Auto are up 5%, having come off the opening highs. The stock is up 8% so far in 2026.
Shares of Ola Electric Mobility are trading 2.7% higher on Monday. The stock has recovered most of its losses of 2026 and is down only 1% year-to-date.
Shares of Ather Energy are trading 7.2% higher at ₹981.4. The stock is up 30% so far this year and is trading close to record high levels.
