Two-wheeler stocks in red after Interim Budget skips FAME III
Thu, Feb 1, 2024 2:43 PM

Two-wheeler stocks in red after Interim Budget skips FAME III

A Flip by Shubhangi Gupta
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Two-wheeler automobile stocks remained a mixed bag, with the majority trading lower after the government reduced the budget allocation for the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme by nearly 44 percent to Rs 2,671 crore for FY25, potentially hampering EV adoption in the country. Shares of Bajaj Auto pared pre-budget gains of over 2 percent.

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