Ola Electric, Ather Energy shares jump up to 11% as Delhi govt approves new EV policy. What to expect?

Delhi government approved EV Policy 2.0 offering incentives up to Rs 30,000 on electric two-wheeler purchases in the first year, along with road tax waivers. The policy aims to make 95% of all new vehicle registrations electric by 2027 and phase out petrol and CNG two-wheeler registrations by April 1, 2028, with a total government investment of Rs 15,000 crore. Shares of Ola Electric rallied over 11% to Rs 44.95, while Ather Energy hit a fresh 52-week high of Rs 1,142.50, gaining over 5% on the news.