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  • Cab aggregators and delivery providers to use electric vehicles
  • EV-related shares jumped

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EV push: Delhi makes electric vehicle mandatory for Zomato, Swiggy, Ola, Uber

50% of all new 2 wheelers and 25% of all new 4 wheelers to be electric by March 2023.

Updated: Sep 02, 2022 10:53
|

EJ Biz Desk

EV push: Delhi makes electric vehicle mandatory for Zomato, Swiggy, Ola, Uber

A major step towards pollution control in the nation's capital as the Delhi Government has made it mandatory for cab aggregators and delivery providers to use electric vehicles.

"Aggregators and delivery service providers to ensure that 50% of all new 2 wheelers and 25% of all new 4 wheelers are electric by March 2023," Delhi's transport minister Kailash Gahlot said in a tweet.

According to the draft aggregators policy, within three months of notification of the final policy, 10%of newly-onboarded two-wheelers and 5% of new four-wheelers will have to be EVs.

Shares of companies related to the electric vehicle industry, such as Tata Motors, Mahindra and Mahindra, Exide Batteries, Amararaja Batteries rallied on Monday following the news.

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