Delhi EV Policy Lifts Ola Electric 6%, Ather 3% While Eicher Slides on Petrol 2W Phase-Out
Delhi's new EV policy waives road tax and registration fees on EVs under Rs 30 lakh and layers e-two-wheeler subsidies (Rs 30k/20k/10k over three years). Ola Electric jumped ~11% intraday, Ather +3.81%, JBM Auto +1.81%. Plans to halt petrol/CNG two-wheeler registrations from 2028 pressured Eicher (-6.5%) and Tata Motors PV (-0.51%).
Delhi's new EV policy waives road tax/registration fees on EVs under Rs 30 lakh and offers e-two-wheeler subsidies, lifting Ola Electric and Ather shares while phasing out petrol/CNG two-wheeler registrations from 2028, hurting Royal Enfield/Eicher.