Ather Energy, Olectra Greentech, JBM Auto, Shares Rally After Delhi Govt Releases EV Policy 2026 Draft

Shares of electric vehicle (EV) companies witnessed strong buying interest on April 13 after the Delhi government released its draft Electric Vehicle Policy 2026–2030 for public consultation. The proposed policy, which outlines an aggressive transition toward clean mobility, boosted investor sentiment across EV-focused stocks.

Note: Prices are subject to continuous change. 

Policy Push Drives EV Sentiment

The draft policy proposes a ban on the registration of new petrol-powered two-wheelers from April 2028 and CNG-powered three-wheelers from January 2027, signalling a decisive shift toward electrification in high-volume segments.

Two-wheelers form a substantial portion of Delhi’s vehicle base and are among the biggest contributors to pollution. The policy also highlights that commercial vehicles, including three-wheelers and goods carriers, contribute disproportionately to emissions, making them key targets for electrification.

Incentives, Tax Benefits and Industry Impact

While the policy does not extend direct subsidies on electric cars, it offers a full waiver on road tax for EVs and a 50% concession for hybrid vehicles priced up to ₹30 lakh.

The government has invited feedback from stakeholders and citizens over a 30-day window, open until May 10. Delhi Chief Minister Rekha Gupta stated that the policy aims to build a “clean, accessible and sustainable transport system” through incentives, mandates, and infrastructure development.

EV Players Positioned for Growth

Companies across the EV ecosystem stand to benefit from the proposed shift. Ather Energy continues to expand in the electric two-wheeler segment alongside its charging network, Ather Grid.

JBM Auto, through its EV arm, focuses on electric buses and public transport, while Olectra Greentech has built a strong presence in electric buses and is expanding into electric trucks and commercial EVs.

Read more: Upcoming IPOs (April 13-17, 2026): Mehul Telecom and Citius TransNet InvIT to Hit Markets.

Conclusion

The Delhi EV Policy 2026 draft reinforces the government’s push toward faster EV adoption through regulatory action and targeted incentives. While final implementation remains subject to consultation, the market reaction suggests rising confidence in India’s electric mobility transition.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.