Delhi’s air pollution control measures are set to tighten from November 1, with multiple curbs including, restrictions on non BS-VI vehicles. The stricter curbs could provide a boost to the EV theme, potentially creating opportunities for auto companies operating in the electric mobility space like Ather Energy, TVS Motor Company, Bajaj Auto, Tata Motors (Passenger Vehicles), according to experts.
Under Delhi’s air pollution measures, there will be restrictions on vehicle use, higher parking charges, and other enforcement to reduce emissions across the National Capital Region (NCR). One of the significant curbs is restriction of vehicles registered outside Delhi that do not meet Bharat Stage VI (BS VI) emission norms.
While these measures aim to curb pollution, could they also fuel a shift in the fortunes of auto and EV stocks? Let’s understand from experts
The direct push to EV adoption will be modest due to the Delhi pollution curbs, according to Gaurav Garg, Head - Research, Lemonn, who sees conventional commercial vehicles as the near-term winners instead of EV stocks.
“The bigger lever is Delhi EV Policy 2.0. From 1 January 2027, it allows only electric autos and light goods vehicles to be newly registered in Delhi. Delhi already leads on adoption: EVs were 12.7% of its FY26 registrations, against roughly 8–9% nationally. For stocks, expect sentiment, not earnings,” explained Garg.