Electric vehicle-related stocks JBM Auto, Ather Energy, Ola Electric Mobility and Olectra Greentech rallied sharply on Wednesday, defying broader weakness in the market as investors bet that persistently high crude oil prices could accelerate the shift toward electric mobility.
JBM Auto settled 19 per cent higher at ₹585.30 on the BSE. Olectra rallied over 17 per cent to ₹1058.15. Ather Energy and Ola Electrict settled 4-5 per cent positive.
Investors anticipate that rising fuel costs amid West Asia conflict will accelerate consumer demand for electric vehicles, as buyers increasingly look for cost-efficient alternatives to petrol and diesel transportation. At the same time, expectations of a targeted government push to reduce oil dependence are strengthening confidence in the sector’s long-term prospects.
Meanwhile, the auto sector had witnessed pressure recently due to heightened fears of natural gas supply disruption, fuel availability and rising cost pressures.
Published on March 18, 2026
