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.

— FiledMon, 29 Jun, 2026, 23:30 IST·First seen Mon, 29 Jun, 2026, 23:28 IST·Source Entrackr

What happened

Ather Energy · Delhi approved a new EV policy with purchase incentives, EV-only two-wheeler registrations from 2028 and 32,000 charging points, benefiting

Key facts

  • Rs 30,000 first-year 2W incentive
  • Rs 20,000 second year
  • Rs 10,000 third year
  • EV-only registration from April 1 2028
  • Rs 50,000 3W subsidy
  • Rs 1 lakh N1 truck incentive
  • 32,000 charging points
  • Rs 15,000 crore allocation
  • valid until March 31 2030

Why this matters

The 2028 mandate and 32,000-point charging buildout create acquisition and partnership openings across charging infrastructure and EV 2W players seeking Delhi-market scale.

What to watch

  • Notification of incentive disbursement mechanism and FY tranche caps
  • Monthly Delhi EV 2W registration data vs ICE
  • Charging point installation pace against 2030 target
  • Other states (Maharashtra, Karnataka) signaling similar mandates
  • OEM commentary on Delhi-specific volume and margin guidance
  • EV 2W OEMs expand Delhi-NCR dealer and service footprint ahead of demand pull-forward
  • Battery-swap and charging operators (e.g., Ather Grid, Battery Smart) accelerate Delhi network buildout to capture infra subsidy
  • Legacy ICE 2W players (Hero, Honda) fast-track EV launches or risk Delhi share erosion by 2028
  • Component and cell suppliers ramp localized capacity to meet incentive-linked sourcing norms

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