Delhi government makes EV adoption mandatory for ride aggregators, delivery services
News: As per media sources, in order to combat air pollution, Delhi government has made mandatory for ride aggregators and delivery services to adopt electrification. These businesses need to ensure that 10% of all 2-W purchased and 5% of all 4-W purchased are electric vehicles over the next 3 months. On a broader time scale however, they need to ensure that 50% of all new 2-W purchase & 25% of all new 4-W purchase are electric vehicles by March 2023.
Views: This will further drive electrification domestically with likely beneficiaries being Tata Motors and M&M in the 4-W space.