India, March 28 -- The Ministry of Heavy Industries (MHI) has revised the guidelines under the PM E-DRIVE (PM Electric Drive Revolution in Innovative Vehicle Enhancement) initiative, extending subsidy timelines and increasing targets for electric vehicles, particularly electric two- and three-wheelers.

According to an official notification, E2Ws registered till July 31, 2026, will be eligible for incentives, while E3Ws will continue to receive subsidies till March 31, 2028. 

Earlier, incentives for these segments were set to end in March 2026.

The government has also introduced price ceilings for availing subsidies. E2Ws priced above Rs.1.5 Lakh and E3Ws above Rs.2.5 Lakh will not qualify under the scheme.

Subsidies will be linke...