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The Economic Times

Economy / The Economic Times

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Electric two wheeler subsidies extended till March 2028

Electric two-wheeler subsidies are extended by the government until March 2028. An incentive of up to Rs 5,000 per vehicle will continue under the PM E DRIVE scheme. The government has provisioned an additional Rs 1000 crore for electric two-wheeler subsidies. India has already surpassed its electric two-wheeler sales target under the scheme. Electric three-wheelers no longer require these government incentives.

11 Aug 2026 7:13 pm