Automotive & Parts #ev policy#electric vehicles
Delhi EV Policy 2026 Poses Big Risk for Automakers If Other States Follow, Warns Morgan Stanley Report
Morgan Stanley warns that Delhi's newly notified EV Policy 2026, while having modest immediate impact due to Delhi's small sales share, could become a dangerous template for other states. The policy bans new ICE vehicle registrations in select segments by 2027-2028 and offers substantial incentives. Automakers with strong EV portfolios are better positioned, but the industry may resist wider adoption.
Jul 3, 2026 1 source