Ola Electric, Ather shares jump up to 11% on Delhi's Rs 15,000 crore EV Policy 2026-2030
Delhi Cabinet's approval of the EV Policy 2026-2030, backed by a Rs 15,000 crore outlay to phase out petrol/CNG vehicles and expand charging infrastructure, lifted EV two-wheeler stocks. Ola Electric rose 11.21% to Rs 44.95 while Ather climbed 5.57% to Rs 1,142.80.
What happened
EV two-wheeler stocks Ola Electric and Ather jumped after Delhi Cabinet approved the EV Policy 2026-2030 with Rs 15,000 crore outlay, phasing out petrol/CNG
Key facts
- 11.21%
- Rs 44.95
- 5.57%
- Rs 1,142.80
- Rs 15,000 crore
- 2026-2030
Why this matters
The Rs 15,000 crore policy and petrol/CNG phase-out create openings for charging-infrastructure partnerships and state-aligned distribution deals to lock in early-mover advantage.
What to watch
- Official policy gazette notification with subsidy quantum per vehicle and eligibility criteria
- Monthly Delhi VAHAN EV 2W registration data for actual demand confirmation
- Charging infrastructure tender awards and rollout timelines
- Ola/Ather quarterly delivery and gross-margin guidance
- Competitor pricing/launch responses targeting Delhi NCR
- Watch Ola Electric and Ather issue dealer expansion / Delhi-region capacity statements to capitalize on policy momentum
- Expect sell-side analysts to revise Delhi EV 2W TAM estimates and price targets within days
- Legacy ICE/CNG-exposed names and oil-marketing proxies may see modest negative repricing
- Charging infra players (CPO firms, EV utilities) likely re-rate as second-order beneficiaries