India’s electric vehicle (EV) and automobile stocks encountered a mixed day on August 26, encapsulating the tension between excitement/interest marking electrification and awaiting other investors in the short term to join.
Ola Electric Mobility Ltd. had the best returns of the day. The stock rose 4.64% to ₹50.82, driven by collective trust in the company’s sales growth for electric scooters combined with expansion plans.
On the flip side, several established names struggled. Uniparts India took the sharpest hit, falling 3.82% to ₹392.3, followed by JBM Auto (down 2.92% to ₹618.1) and Minda Corporation (down 2.71% to ₹499.0). Greaves Cotton also dropped 2.36%, continuing its recent volatility, while HEG slid 2.60%.
Among large companies, Bosch was optimistic, ramping 1.09% to close at ₹39,510.00. The performance signals ongoing trust in automotive technology suppliers from investors overall. Tata Motors fell 0.75% to ₹681.65, despite being featured in a recent headline stock on EVs and boasting a strong performance. It fell as a few investors realized profits. Exide Industries decreased only by 0.87% to ₹182.25 and Olectra Greentech was down only 0.50% to ₹1,254.00.
Experts in the marketplace are becoming more cautious in their approach, noting that effective EV companies like Ola Electric are attracting retail investor interest, but overall sentiment is still conscious of the next news where investors are taking the opportunity to book profits and with uncertainty in global economies. The results of the session demonstrate a marketplace establishing its seriousness availing itself of immediate opportunity while navigating its optimistic expectations about the oncoming EV booms in India.
As one analyst put it, “Investors are betting on the EV story, but the road is never a straight line.”
TABLE
| Company Name | Closing Price on August 26 | Change % |
| AMARA RAJA ENERGY & MOBILITY | 975.85 | -1.09% |
| BHARAT ELECTRONICS | 365.85 | -1.67% |
| BHARAT FORGE | 1,122.30 | -1.51% |
| BOSCH | 39,510.00 | 1.09% |
| EXICOM TELE-SYSTEMS LTD. | 143.06 | -1.49% |
| EXIDE INDUSTRIES | 396.8 | -0.87% |
| GREAVES COTTON | 202.18 | -2.36% |
| HBL ENGINEERING | 771.3 | -1.16% |
| HEG | 478.2 | -2.60% |
| HERO MOTOCORP | 5,073.40 | 0.19% |
| JBM AUTO | 618.1 | -2.92% |
| MINDA CORPORATION | 499.00 | -2.71% |
| OLA ELECTRIC MOBILITY LTD. | 50.82 | 4.64% |
| OLECTRA GREENTECH | 1,592.70 | -0.50% |
| SONA COMSTAR | 453.7 | 0.57% |
| TATA MOTORS | 681.65 | -0.75% |
| UNIPARTS INDIA | 392.3 | -3.82% |
| UNO MINDA | 1,276.80 | -0.52% |