Delhi EV Policy 2.0: Tata Motors, M&M, Ather set to gain; Royal Enfield, Hero exposed
Delhi's EV Policy 2.0 mandates a phased shift to electric 2W/3W from 2027-28, backed by Rs 15,000 crore in incentives (Rs 7,000 cr purchase, Rs 8,000 cr charging). Brokerages flag Tata Motors, M&M and Ather as key beneficiaries given high EV mix, while ICE-heavy Royal Enfield and Hero MotoCorp look vulnerable.
Delhi EV Policy 2.0 mandates phased transition to electric 2W/3W from 2027-28, with Rs 15,000 crore in incentives. Brokerages flag Tata Motors, M&M, Ather as gainers; Royal Enfield, Hero seen vulnerable.
Why this matters
Adds a demand tailwind narrative for Tata Motors after its Q3 profit fell 22% to Rs 5,451 crore, and aligns with prior signals that Delhi's EV policy favors mass-market automakers.
retail-company theme accelerating, up 439400% QoQ.