Delhi Draft EV Policy Proposes Full Tax Waiver on Sub-₹30 Lakh Electric Cars.

, Tata Motors and Mahindra & Mahindra are relevant given their EV portfolios and domestic market exposure. Delhi’s draft policy proposes 100% road tax exemption for electric cars priced below ₹30 lakh to accelerate adoption and reduce pollution. Such incentives can improve affordability, expand volumes, and influence OEM strategy, though execution timelines and fiscal sustainability remain key variables. Policy signals direction of EV ecosystem growth.