Electric 2-wheeler subsidiesmay get second lease of life
new delhi, May 25 -- New Delhi plans to double down on subsidies for electric two-wheelers as the central clean mobility scheme draws to a close, three people aware of the matter said. The heavy industries ministry is planning to seek additional funds to subsidize electric two-wheelers under the flagship PM E-Drive scheme as India is looking to reduce its overwhelming reliance on oil imports.
The Rs.10,900 crore PM E-Drive scheme had allocated Rs.1,772 crore to subsidize electric two-wheelers till the end of FY26. When sales fell short of target, the scheme was extended till the end of July, following demands from the auto industry. The current thinking is to extend it further with fresh financial backing, at a time when Prime Minister Nare...
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