coin-img-BTCBTC-0.89%coin-img-SOLSOL-1.05%coin-img-XRPXRP-2.23%coin-img-ETHETH-1.07%coin-img-ALPHAXALPHAX+4,900.00%coin-img-DEVERSEDEVERSE-43.49%coin-img-USDCUSDC+0.00%coin-img-TRXTRX+1.29%coin-img-BTCBTC-0.89%coin-img-SOLSOL-1.05%coin-img-XRPXRP-2.23%coin-img-ETHETH-1.07%coin-img-ALPHAXALPHAX+4,900.00%coin-img-DEVERSEDEVERSE-43.49%coin-img-USDCUSDC+0.00%coin-img-TRXTRX+1.29%coin-img-BTCBTC-0.89%coin-img-SOLSOL-1.05%coin-img-XRPXRP-2.23%coin-img-ETHETH-1.07%coin-img-ALPHAXALPHAX+4,900.00%coin-img-DEVERSEDEVERSE-43.49%coin-img-USDCUSDC+0.00%coin-img-TRXTRX+1.29%coin-img-BTCBTC-0.89%coin-img-SOLSOL-1.05%coin-img-XRPXRP-2.23%coin-img-ETHETH-1.07%coin-img-ALPHAXALPHAX+4,900.00%coin-img-DEVERSEDEVERSE-43.49%coin-img-USDCUSDC+0.00%coin-img-TRXTRX+1.29%
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Outlook Business

Ather Energy rises 4.5% and Ola Electric adds over 1% after India extends PM EDRIVE incentives to March 31, 2028

AI Market Summary
India's government extended PM EDRIVE incentives for registered electric two-wheelers through March 31, 2028, maintaining policy support but at reduced subsidy levels (₹2,500/kWh, capped at ₹5,000 per vehicle) and with a ₹1.5 lakh ex-factory price cap. The announcement lifted Ather Energy and Ola Electric Mobility shares, signaling improved demand visibility for mass-market EV two-wheelers, albeit with tighter economics versus 2024'25.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+1.24%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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India extended incentives for registered electric two-wheelers under the PM EDRIVE scheme through March 31, 2028. The subsidy was revised to ₹2,500 per kWh, capped at ₹5,000 per vehicle, with ₹2,767 crore allocated for the program. Ather Energy climbed 4.5% to ₹1,532, while Ola Electric Mobility rose more than 1% to ₹39.82.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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