Maha govt's new EV policy can spark up to 25% upside in these stocks

Shares of Motherson Sumi, Jay Bharat Maruti and Bharat Gears have surged over 50 per cent so far this year and continue to see positive interest from market players

The Maharashtra government on Tuesday unveiled its electric vehicle (EV) policy, wherein it announced that EVs in the state will attract financial incentives ranging from Rs 10,000 to Rs 20 lakh. The state hopes EVs will make up 10 per cent of all new vehicle registrations by 2025. The various incentives are for two-wheels, electric cars and SUVs. READ HERE

This development may foster price action in related stocks which have seen a mixed-bag performance in the current year.

Shares of Amara Raja Batteries have dropped 20 per cent on a year-to-date (YTD) basis while those of Exide