Electric vehicle (EV) stocks are on the rise in India, with MSTC shares experiencing a significant surge of 7% following the announcement of new incentives in Delhi's EV policy for 2026. The policy, aimed at promoting the adoption of eco-friendly transportation, includes scrappage incentives that are expected to boost the demand for new EVs. As a result, MSTC's stock has now extended its one-month rally to a whopping 57%, with investors betting on the company's potential to benefit from the growing EV market. With the Indian government's push for sustainable transportation, MSTC's shares are likely to remain in focus as the EV industry continues to gain momentum.
MSTC shares surge 7% on scrappage incentives in new Delhi EV policy 2026, extend one-month rally to 57% TradingView
