Is Free UPI Coming To An End: Parliament Just Opened The Door To Charges | Markets Today #277

📌 In this episode of Markets Today — Ather's stock jumps 18% as EV two-wheeler sales cross 2 lakh units for the first time, FIIs kept buying MCX, BHEL and Coal India while selling everything else, and Parliament passes a bill giving government power to charge for UPI transactions.

#1 🛵 Ather EV — Demand Outpacing Supply July EV sales: 2,04,266 units. TVS 27%, Bajaj 22%, Ather 16.8%, Ola down to 7%. Revenue up 89% to ₹1,217 crore. Loss narrowed from ₹178 crore to ₹51 crore. Pre-orders up 158% to 1.5 lakh. Unmet demand: 13,000-15,000 units per month. Factory 3.0 in Maharashtra: up to 10 lakh units annually.

#2 📊 FII Monopoly Stock Buys MCX: 98% commodity derivatives market share. FII holding up to 29.85%. FY26 profit up 138%. BHEL: 53% conventional power capacity share. FII holding up to 9.52%. Order book: ₹2.4 lakh crore all-time high. Coal India: 80% of domestic coal production. FII holding up to 10.37%. Coal gasification scheme worth ₹37,500 crore is a new growth angle.

#3 📱 UPI May Not Stay Free Lok Sabha passes Taxation and Other Laws Amendment Bill 2026. Government now has legal power to introduce UPI charges. MDR was removed in 2020 to drive adoption. No charges yet. Future notifications decide quantum and scope. Focus expected on large merchant transactions first. 88% of India's digital payments are on UPI.