Delhi EV policy backs electric two-wheelers with staggered incentives, 2028 registration mandate
Delhi approved a Rs 15,000 crore EV policy offering Rs 30,000 first-year incentives on electric two-wheelers, EV-only 2W registrations from April 2028, and 32,000 charging points through March 2030. Tailwind for Ather, Ola Electric, TVS, Bajaj and Ultraviolette in a key Indian market.
Delhi approved a new EV policy with purchase incentives, EV-only two-wheeler registrations from 2028 and 32,000 charging points, benefiting electric two-wheeler makers Ather, Ola Electric, TVS, Bajaj and Ultraviolette in a major Indian market.
Why this matters
The policy adds a demand tailwind for Ather in a key market, following its 82% share-price recovery from January lows driven by Rizta sales crossing 3 lakh units and market-share gains.
Retail-brand signals steady at 2,087 over the trailing 90 days.
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