et_companiesabout 3 hours ago
BULLISH(95%)
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Published on the original source: 28 Mar 2026, 2:36 PM IST
Centre extends electric two wheeler subsidies till July 31
Read original sourceAI Analysis
The auto sector has recently faced headwinds from LNG supply risks and broader market corrections. This subsidy extension provides a significant positive catalyst specifically for the EV two-wheeler segment, potentially offsetting some of the recent negative sentiment.
Trading Insight
Look for accumulation opportunities in EV two-wheeler focused companies on dips, with a medium-term bullish bias driven by policy support and volume growth.
Key Evidence
- •Subsidies for electric two-wheelers extended until July 2026.
- •Subsidies for e-rickshaws/e-carts extended until March 2028.
- •Target for electric two-wheelers significantly increased to 2.48 million units.
- •Substantial funds already disbursed for e2w.
- •E-cart and e-rickshaw categories saw minimal achievement, leading to reduced fund allocation for them despite extension.
Affected Stocks
BAJAJ_AUTOBajaj Auto
Positive
Has a presence in the electric two-wheeler segment (e.g., Chetak), will benefit from continued government support.
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