NEW DELHI, Aug. 11 -- The government has extended subsidies for electric two-wheelers under the PM E-Drive scheme till FY28 and raised the allocation for the segment by nearly Rs.1,000 crore, according to a notification late Monday.

Mint first reported in May that the government was planning to extend these benefits, which were slated to end in FY26. The move comes days after a Rajya Sabha standing committee urged the heavy industries ministry to expedite the extension of subsidies.

The heavy industries ministry had urged the finance ministry to raise the budgetary outlay for electric two-wheelers to Rs.3,000 crore till FY28, according to the standing committee on industry report dated 6 August.

The allocation for e-two-wheeler incenti...