Very soon, petrol two-wheelers and three-wheelers on the roads of the capital Delhi may become a thing of the past. The draft of its new Electric Vehicle (EV) policy prepared by the Delhi government is indicating a major revolution in the automobile sector. This aggressive strategy of the government is going to have a direct impact on the stock market. Market experts estimate that when the market opens on Monday, April 13, heavy buying may be seen in the shares of EV manufacturers and their related companies.
There will be holiday for petrol vehicles
Delhi government has announced its new ‘Draft EV Policy 2026-30’ A complete blueprint has been prepared to bring electric vehicles into the mainstream. According to the plan, the government wants to gradually remove petrol vehicles from the roads. Under this, no new petrol three-wheeler vehicle will be registered in Delhi from January 2027. After this, it has been proposed to completely ban the registration of new petrol two-wheelers, the biggest vehicle of the common man, from April 2028. At present, the government has sought the opinion of the general public on this draft, but the clear message of this decision is that the future belongs only to electric vehicles.
Bajaj, TVS will get big benefit
The giant auto company Bajaj Auto is expected to get the most benefit from this strict step of the government. Bajaj has already established its dominance in the electric three-wheeler market and its ‘Chetak’ model has made a good presence in the two-wheeler segment. This is the reason why on April 10, Bajaj Auto shares closed at Rs 9,830 with a strong jump of 3.29 percent. In the last one week itself, this stock has given a return of 12 percent to the investors. Similarly, TVS Motor is also a strong player in the EV market. On April 10, TVS shares have proved their strength by closing at Rs 3,825 with a rise of 2.64 percent.
Golden opportunity for companies like Ola, Ather
If petrol vehicles are closed, then the market doors will be wide open for companies like Ola Electric and Ather Energy. Ola Electric mainly works only in the EV segment and the confidence of investors in it is continuously increasing. In the month of April itself, Ola’s shares have seen a surprising rise of more than 60 percent. On April 10, this share reached Rs 40.88 with a huge jump of 12.56 percent. Shares of Ather Energy have also registered a gain of more than 11 percent this week. Experts believe that the companies which are already present in the EV market will rule this market in future if petrol vehicles are discontinued.
This will open avenues of profit for battery charging companies as well.
If the number of electric vehicles on the roads increases, then naturally the demand for batteries and charging stations will also skyrocket. According to experts, the implementation of this new EV policy will create huge growth opportunities for subsidiaries like Exide Industries, Amara Raja Energy, Sona BLW and Tata Power. In the trading session of April 10, shares of leading battery manufacturing company Exide Industries jumped by almost 5 percent (4.74%) to reach Rs 326. At the same time, shares of Tata Power, which is active in charging infrastructure, also closed at Rs 399.50 with a gain of 1.22 percent. As soon as the market opens on Monday, investors are going to keep a close eye on the shares of these companies.
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