Eicher Motors slides ~7% as Delhi EV Policy 2.0 sparks Royal Enfield demand fears
Eicher Motors fell as much as 6.61% intraday to Rs 6,947.95 before settling 4.15% lower at Rs 7,131.10, after Delhi's proposed EV Policy 2.0—backed by a Rs 15,000 crore outlay—signalled a halt on new petrol/CNG two-wheeler registrations from 2028. Profit booking and weak monsoon-led rural demand worries added pressure on Royal Enfield's outlook.
Eicher Motors shares fell nearly 7% as Delhi's proposed EV Policy 2.0—halting new petrol/CNG two-wheeler registrations from 2028—raised demand concerns for Royal Enfield, alongside profit booking and weak monsoon-driven rural demand worries.