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Ola Electric, Ather Energy shares surge up to 5% as EV subsidies extended to FY28

Electric two-wheeler stocks surged by 5% on August 11 after the government extended subsidies under the PM E-Drive scheme until FY28, increasing the allocation to ₹11,900 crore. The number of eligible vehicles for subsidies rose to 4.57 million, boosting market sentiment.
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