Ather Energy, TVS Motor, Bajaj Auto, Tata Motors PV shares: Can Delhi’s pollution curbs change game for auto-EV stocks?
Ather Energy is in focus in an energy transition development with November 1 in focus.
· LiveMint Markets
Delhi’s tighter pollution curbs from November 1 may encourage replacement of older vehicles and support EV makers, particularly electric two-wheeler companies. Experts say the near-term impact on EV stocks is likely to be sentiment-driven, while commercial vehicle makers may benefit more directly.
Key facts
- Dates in focus
- November 1
The analysis
Against that, the stock is +5.6% on the day at ₹1,756.00, and has returned +41.5% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The auto sector has moved -7.7% over the same period, so Ather Energy is running 49.2 points ahead of its peers.
With Ather Energy, TVS Motor and Bajaj Auto all implicated, this reads as a Auto-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- The shift to renewables is redrawing which energy names are structural winners versus stranded.
Market context
- 4 of the 4 companies named are in Auto, so the story reads across that sector rather than for one company.
- On the day, 1 of 4 are higher: Ather Energy leads at +5.6% and TVS Motor trails at -2.0%.
- Over three months: Ather Energy +41.5% against Auto -7.7% (49.2 points ahead); TVS Motor -0.3% against Auto -7.7% (7.4 points ahead); Bajaj Auto -9.5% against Auto -7.7% (1.8 points behind); Tata Motors Passenger Vehicles (Tata Motors PV) -20.6% against Auto -7.7% (12.9 points behind).
- At least 25% below the 52-week high: Tata Motors Passenger Vehicles (Tata Motors PV) (36%).
- Trading well above normal today: Ather Energy at 2.2 times its 20-day average volume.
- Tata Motors Passenger Vehicles (Tata Motors PV): 52-week and period figures are measured from 14 Oct 2025, when its price was reset by a corporate action (such as a demerger or split).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Ather EnergyATHERENERG · Auto | ₹1,756.00 | +5.6% | +23.2% | +41.5% | 0.0% | 2.2× | — |
| TVS MotorTVSMOTOR · Auto | ₹4,195.20 | -2.0% | +2.2% | -0.3% | -6.1% | 1.1× | — |
| Bajaj AutoBAJAJ-AUTO · Auto | ₹10,350.00 | -0.3% | -4.8% | -9.5% | -16.3% | 1.4× | — |
| Tata Motors Passenger Vehicles (Tata Motors PV)TMPV · Auto · Price reset 14 Oct 2025 | ₹265.40 | -0.2% | -6.4% | -20.6% | -36.4% | 0.7× | — |
Auto
1M -5.8% · 3M -7.7%
Ather Energy, TVS Motor, Bajaj Auto, Tata Motors Passenger Vehicles (Tata Motors PV)
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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