Eicher Motors share price declined on Tuesday, June 30, after the Delhi government proposed its EV Policy 2.0, which seeks to stop the registration of new petrol and CNG two-wheelers in the national capital from April 1, 2028. The proposal brought investor attention to Royal Enfield's electric vehicle portfolio, as the motorcycle maker currently has a limited presence in the electric two-wheeler segment.
Investor sentiment was affected after the Delhi government unveiled the draft EV Policy 2.0, which proposes ending the registration of all new petrol and CNG two-wheelers in Delhi from April 1, 2028.
Under the proposal, all new commuter two-wheelers registered in Delhi from that date would need to be electric. The draft policy does not provide for exemptions for petrol, CNG, or hybrid two-wheelers.
The proposed policy has drawn attention to manufacturers with limited electric vehicle offerings, including Royal Enfield.
Royal Enfield, the motorcycle business of Eicher Motors, currently has 1 electric model in its portfolio. According to data from the Society of Indian Automobile Manufacturers (SIAM), Royal Enfield accounts for approximately 3.3% of Delhi's overall two-wheeler market.
The proposed policy could make Delhi's commuter two-wheeler market fully electric for new registrations from April 2028, placing greater focus on manufacturers' electric product portfolios.
Several manufacturers already have an established presence in Delhi's electric two-wheeler market. According to the market share:
TVS Motor holds around 17% of Delhi's electric two-wheeler market.
Bajaj Auto accounts for approximately 12%.
Hero MotoCorp also holds around 12%.
Ather Energy has about 9% market share.
Ola Electric accounts for around 4%.
As of June 30, 2026, at 11:06 AM, Eicher Motors share price was trading at ₹7,120.00 per share on the NSE, down ₹306.00 or 4.12%. The stock opened at ₹7,392.00 and touched an intraday low of ₹6,942.50, marking a decline of over 6.5% from its previous closing price of ₹7,426.00, before recovering some losses.
The company's total market capitalisation stood at ₹1,95,442.24 crore.
Eicher Motors share price declined on June 30, 2026, after the Delhi government proposed EV Policy 2.0, which seeks to end registrations of new petrol and CNG two-wheelers from April 1, 2028. The proposal has brought investor focus to manufacturers' electric vehicle portfolios, including Royal Enfield's offerings in the electric motorcycle segment.
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Published on: Jun 30, 2026, 11:20 AM IST
Rakesh Deshmukh
Rakesh Deshmukh is a financial content specialist with around 3 years of experience writing impactful content across equities, mutual funds, IPOs, and personal finance. At Angel One, he decodes real-time market trends and breaking news, helping investors and traders stay updated. He also helps investors make informed decisions by simplifying market fundamentals and technical analysis. He holds a bachelor’s degree in commerce.
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