Government policy shifts are reshaping India's automotive and energy sectors. The Finance Ministry has increased windfall taxes on export diesel to ₹55.5 per litre and jet fuel to ₹42 per litre, significantly impacting oil majors IOC, BPCL, HPCL, and Reliance Industries. Meanwhile, Delhi's new EV mandate restricts new three-wheeler registrations to electric models from January 2027 and two-wheelers from April 2028, creating tailwinds for EV manufacturers like Ather Industries and Ola Electric Mobility. This transition from incentive-driven adoption to deadline-based mandates signals accelerated market disruption. While traditional automakers face pressure to pivot, EV-focused companies are positioned for growth. The windfall tax revision aims to prevent exporters from exploiting price differentials rather than boost government revenue.
