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Energy & Mobility

PM E-DRIVE E2-Wheeler Subsidy Extended to March 2028 With ₹1,000 Cr Additional Outlay

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PM E-DRIVE E2-Wheeler Subsidy Extended to March 2028 With ₹1,000 Cr Additional Outlay

India's central government extended the PM E-DRIVE subsidy for electric two-wheelers through March 2028 and increased the outlay by ₹1,000 Cr to boost EV adoption. EV makers and related mobility founders should lock in subsidy-compliant designs now—government backing through 2028 signals policy certainty, and margin compression will accelerate as OEMs chase volume.

Source: Inc42 ↗

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🎧 This story is in the 12 August 2026 episode — Arjun & Meera

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