Delhi EV policy mandates EV-only two-wheeler registrations from 2028, lifts demand for Ather and peers
Delhi's new EV policy commits Rs 15,000 crore through March 2030, with phased two-wheeler incentives (Rs 30,000 year 1, tapering to Rs 10,000 by year 3), an EV-only registration mandate from April 2028, Rs 50,000 three-wheeler and Rs 1 lakh N1 truck subsidies, plus 32,000 charging points. The shift favors makers like Ather, Ola Electric, TVS, Bajaj and Ultraviolette.
Delhi approved a new EV policy with phased purchase incentives, mandatory EV-only two-wheeler registrations from 2028, scrappage benefits and 32,000 charging points, boosting demand for makers like Ather, Ola, TVS, Bajaj and Ultraviolette.
Why this matters
The policy reinforces Ather's momentum after shares surged 82% from January lows on Rizta sales crossing 3 lakh units and market share gains, with Delhi's 2028 mandate expanding the addressable EV two-wheeler market.
Retail-brand signals steady at 2,088 over the past 90 days.