{"id":25842,"date":"2026-05-11T14:04:30","date_gmt":"2026-05-11T08:34:30","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=25842"},"modified":"2026-05-11T14:22:57","modified_gmt":"2026-05-11T08:52:57","slug":"ev-stocks-jump-up-to-6-5","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/ev-stocks-jump-up-to-6-5\/","title":{"rendered":"EV Stocks Jump Up to 6.5% After PM Modi\u2019s Electric Vehicle Push Sparks Fresh Investor Interest"},"content":{"rendered":"

Electric vehicle stocks saw strong buying on Monday after Prime Minister Narendra Modi urged citizens to reduce fuel consumption and shift towards electric vehicles.<\/p>\n

The comments boosted sentiment across the EV and green mobility space, leading to sharp gains in several related stocks.<\/p>\n

Investors turned bullish after the Prime Minister highlighted the need to reduce dependence on imported fuel amid rising global energy concerns.<\/p>\n

\"PM
PM Modi’s Electric Vehicle<\/span><\/figcaption><\/figure>\n

Top EV Stock Gainers After PM Modi\u2019s EV Push (May 2026)<\/strong><\/p>\n

The earlier list is largely accurate and matches multiple financial news sources. Here is the verified and corrected version:<\/p>\n\n\n\n\n\n\n\n\n
Rank<\/strong><\/td>\nCompany<\/strong><\/td>\nVerified Gain<\/strong><\/td>\nVerified Price<\/strong><\/td>\nEV Segment<\/strong><\/td>\n<\/tr>\n<\/thead>\n
1<\/td>\nAther Energy<\/td>\n+6.55%<\/td>\n\u20b9975<\/td>\nElectric Scooters<\/td>\n<\/tr>\n
2<\/td>\nJBM Auto<\/a><\/td>\n+4.45%<\/td>\n\u20b9678.85<\/td>\nElectric Buses<\/td>\n<\/tr>\n
3<\/td>\nOla Electric Mobility<\/td>\n+3.02%<\/td>\n\u20b937.17<\/td>\nElectric Scooters<\/td>\n<\/tr>\n
4<\/td>\nOlectra Greentech<\/a><\/td>\n+2.89%<\/td>\n\u20b91,379.40<\/td>\nElectric Buses<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

These gains were reported after Prime Minister Narendra Modi urged citizens to reduce fuel consumption and increase EV adoption amid rising global oil prices.<\/p>\n

Read More<\/span> : Gold Heads for Weekly Gain as Dollar Weakness and Fed Rate-Cut Hopes Lift Prices<\/a><\/p>\n

What Information Did PM Modi Give About Shifting to Electric Vehicles?<\/h2>\n

Prime Minister Narendra Modi<\/span><\/span> urged Indians to reduce fuel consumption and accelerate the shift towards electric vehicles (EVs) as part of a broader national effort to conserve foreign exchange reserves, reduce oil imports, and tackle global energy uncertainty caused by the West Asia conflict.<\/p>\n

Ather Energy Leads EV Pack While JBM Auto and Ola Electric Gain<\/h2>\n

Ather Energy emerged as one of the biggest gainers in the sector. The stock jumped 6.55% to Rs 975 during the session.<\/p>\n

JBM Auto also witnessed strong buying interest and rose 4.45% to Rs 678.85.<\/p>\n

Shares of Ola Electric Mobility climbed 3.02% to Rs 37.17, while Olectra Greentech advanced 2.89% to Rs 1,379.40.<\/p>\n

The rally reflected growing investor confidence in India\u2019s long-term electric mobility story.<\/p>\n

EV Stocks Data (India: 2025 \u2013 May 2026)<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nEV Segment<\/strong><\/td>\nApprox. Stock Price (May 2026)<\/strong><\/td>\n1-Day Gain After PM Modi Speech<\/strong><\/td>\nMarket Position \/ Growth Trend<\/strong><\/td>\n<\/tr>\n<\/thead>\n
Ather Energy<\/td>\nElectric Scooters<\/td>\n\u20b9975<\/td>\n+6.55%<\/td>\nFast-growing premium EV scooter maker<\/td>\n<\/tr>\n
Ola Electric Mobility<\/td>\nElectric Scooters<\/td>\n\u20b937.17<\/td>\n+3.02%<\/td>\nIndia\u2019s largest EV scooter seller by volume<\/td>\n<\/tr>\n
JBM Auto<\/td>\nElectric Buses & Mobility<\/td>\n\u20b9678.85<\/td>\n+4.45%<\/td>\nMajor beneficiary of PM eBus schemes<\/td>\n<\/tr>\n
Olectra Greentech<\/td>\nElectric Buses<\/td>\n\u20b91,379.40<\/td>\n+2.89%<\/td>\nLeading electric bus manufacturer<\/td>\n<\/tr>\n
Tata Motors<\/td>\nEV Cars<\/td>\n\u20b91,000<\/td>\nPositive momentum<\/td>\nDominant EV passenger vehicle player<\/td>\n<\/tr>\n
Mahindra & Mahindra<\/a><\/td>\nElectric SUVs<\/td>\n\u20b92,900<\/td>\nPositive momentum<\/td>\nRapid EV expansion in SUV segment<\/td>\n<\/tr>\n
TVS Motor Company<\/a><\/td>\nElectric Scooters<\/td>\n\u20b92,400<\/td>\nStable growth<\/td>\niQube gaining market share<\/td>\n<\/tr>\n
Bajaj Auto<\/a><\/td>\nElectric Scooters<\/td>\n\u20b99,500<\/td>\nStable growth<\/td>\nChetak emerged among top EV scooters<\/td>\n<\/tr>\n
Exide Industries<\/a><\/td>\nEV Batteries<\/td>\n\u20b9530<\/td>\nPositive trend<\/td>\nExpanding lithium-ion investments<\/td>\n<\/tr>\n
Amara Raja Energy & Mobility<\/a><\/td>\nEV Batteries<\/td>\n\u20b91,400<\/td>\nStrong momentum<\/td>\nBuilding giga-scale battery plants<\/td>\n<\/tr>\n
Sona BLW Precision Forgings<\/a><\/td>\nEV Components<\/td>\n\u20b9590<\/td>\n+2% approx.<\/td>\nMajor EV drivetrain supplier<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

PM Modi\u2019s Remarks Become Key Trigger for EV Stocks<\/h2>\n
    \n
  • Use electric vehicles (EVs) more to reduce petrol and diesel consumption.<\/li>\n
  • Prefer metro trains, buses, and public transport instead of private vehicles.<\/li>\n
  • Start carpooling to save fuel and reduce traffic.<\/li>\n
  • Bring back work-from-home, virtual meetings, and video conferencing to reduce daily travel.<\/li>\n
  • Use railways more for transporting goods to save fuel.<\/li>\n
  • Reduce unnecessary foreign travel and destination weddings abroad to save foreign exchange.<\/li>\n
  • Avoid non-essential gold purchases for one year to help conserve India\u2019s foreign reserves.<\/li>\n
  • Buy and use more \u201cMade in India\u201d products.<\/li>\n
  • Farmers should shift from diesel pumps to solar-powered irrigation pumps.<\/li>\n
  • Reduce dependence on imported fuel and support clean energy adoption.<\/li>\n
  • Save fuel because global oil prices are rising due to the West Asia conflict.<\/li>\n
  • Treat responsible and sustainable living as a form of patriotism.<\/li>\n<\/ul>\n

    PM Modi Encourages Citizens to Adopt Electric Vehicles<\/h2>\n

    The Prime Minister called for major changes in daily travel habits.<\/p>\n

    He urged people to use metros, adopt carpooling and increase the use of electric vehicles to reduce fuel consumption.<\/p>\n

    \u201cPeople with electric vehicles should try to use them as much as possible,\u201d Modi said.<\/p>\n

    The statement was seen as a strong endorsement of India\u2019s EV sector and future clean energy transition.<\/p>\n

    Here\u2019s What Happened Today and Why Traders Reacted<\/h2>\n

    Traders reacted quickly to the Prime Minister\u2019s comments because government support often acts as a strong trigger for sector-specific stocks.<\/p>\n

    Several EV companies witnessed fresh momentum buying throughout the session.<\/p>\n

    Here are the key reasons behind today\u2019s rally:<\/p>\n

      \n
    • PM Modi openly backed EV adoption<\/li>\n
    • Rising fuel prices increased focus on electric mobility<\/li>\n
    • Investors expected stronger policy support for EV companies<\/li>\n
    • Energy security concerns boosted green mobility stocks<\/li>\n
    • Traders rushed to buy momentum-driven EV counters<\/li>\n<\/ul>\n

      The market viewed the remarks as positive for the long-term growth of electric vehicle companies.<\/p>\n

      Work-From-Home Comments Added Another Market Angle<\/h2>\n

      Apart from EV adoption, PM Modi also suggested reviving work-from-home practices used during the Covid-19 pandemic.<\/p>\n

      \u201cWe got into work-from-home, virtual meetings and video conferencing during Covid-19. The need of the hour is to resume those methods,\u201d he said.<\/p>\n

      These comments added another layer to the government\u2019s fuel-saving narrative.<\/p>\n

      Investors believe such measures could strengthen India\u2019s broader push towards energy efficiency and self-reliance.<\/p>\n

      What Impact Did This Have on Investors and Traders?<\/h2>\n

      The rally brought relief to investors holding EV and green mobility stocks after recent market volatility.<\/p>\n

      Short-term traders benefited from strong price momentum in Ather Energy, JBM Auto and Ola Electric shares.<\/p>\n

      For long-term investors, the Prime Minister\u2019s comments reinforced confidence in the future growth potential of India\u2019s EV sector.<\/p>\n

      Analysts believe EV stocks may remain in focus if the government continues promoting clean mobility and domestic energy alternatives.<\/p>\n

      EV Stocks Could Stay in Focus in Coming Sessions<\/h2>\n

      With crude oil prices remaining volatile globally, electric mobility is becoming an important theme for Indian markets.<\/p>\n

      The latest remarks from PM Modi have once again shifted investor attention towards EV manufacturers and green mobility companies.<\/p>\n

      Market experts believe policy support, infrastructure expansion and rising consumer adoption could continue driving momentum in EV-related stocks in the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Electric vehicle stocks saw strong buying on Monday after Prime Minister Narendra Modi urged citizens to reduce fuel consumption and shift towards electric vehicles. The comments boosted sentiment across the EV and green mobility space, leading to sharp gains in several related stocks. Investors turned bullish after the Prime Minister highlighted the need to reduce […]<\/p>\n","protected":false},"author":4,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1331],"class_list":{"0":"post-25842","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1331,"user_id":4,"is_guest":0,"slug":"sourabh","display_name":"Sourabh Sharma","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/25842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=25842"}],"version-history":[{"count":3,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/25842\/revisions"}],"predecessor-version":[{"id":25866,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/25842\/revisions\/25866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/25858"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=25842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=25842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=25842"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=25842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}