Shares of Mahindra & Mahindra Ltd., Maruti Suzuki Ltd., Hero MotoCorp., Bajaj Auto Ltd., TVS Motor Ltd., and Ola Electric Mobility Ltd. advanced on Saturday as the government announced measures to ramp up electric vehicle infrastructure and adoption in the Union Budget 2025–26.
During her budget speech, Finance Minister Nirmala Sitharaman announced a slew of initiatives to build an ecosystem for solar PV cells and EV batteries.
TVS Motors Ltd. was leading the rally the most as it surged 9.36% to the day's high of Rs 2,688 apiece. It was trading 3.87% higher at Rs 2,457.90 apiece as of 2:00 p.m.
Maruti Suzuki Ltd. surged 6.82% to the day's high of Rs 13,150 apiece. It was trading 5.03% higher at Rs 12,926 apiece.
Shares of M&M surged 3.48% to the day's high of Rs 3,094 apiece. It was trading 2.85% higher at Rs 3,075 apiece as of 2.00 p.m.
Shares of Hero MotoCorp advanced 4.24% to an intraday high of Rs 4,522.95 apiece. It was trading 2.33% higher at Rs 4,440.80 per share as of 2.00 p.m.
Shares of Bajaj Auto Ltd. rose 3.35% to the intraday high of Rs 9,145 apiece. It was trading 3.20% higher at Rs 9,120.35 apiece as of 2.00 p.m.
Ola Electric's shares surged 8.02% to the day's high of Rs 80.80 apiece. It was trading 2.29% higher at Rs 76.58 apiece.
Shares of Tata Motors fell among the other auto stocks. fell 2.12% to the day's low at Rs 700.90 apiece. It fell 0.73% to Rs 710.50 apiece.
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