Electric vehicle (EV) stocks saw significant gains today following Prime Minister Modi's call for energy conservation during the West Asia crisis. Notable increases were seen in JBM Auto, Ola Electric, Ather Energy, and Olectra Greentech, indicating investor optimism towards sustainable mobility solutions.

The stocks of JBM Auto and Olectra Greentech surged by up to 6.5% on the BSE, following Delhi's proposed Electric Vehicle (EV) Policy 2026-2030. The policy offers tax exemptions for EVs priced under INR 30 lakh, which includes phased Internal Combustion Engine (ICE) restrictions, subsidies, and incentives for two- and three-wheelers. This has boosted investor confidence in EV companies such as JBM and Olectra.