India Revises PM E-DRIVE Scheme
Analysis based on 6 articles · First reported Mar 28, 2026 · Last updated Mar 28, 2026
The revised PM Electric Drive Revolution in Innovative Vehicle Enhancement scheme by the India — India will directly impact electric vehicle manufacturers and consumers by setting new subsidy eligibility criteria and deadlines. This could influence sales and production strategies within the electric two- and three-wheeler segments.
The India — India, through its India — Ministry of Heavy Industries, has revised the guidelines for the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, which has an outlay of Rs 10,900 crore. The updated norms set new eligibility deadlines for incentives: electric two-wheelers registered until July 31, 2026, and electric three-wheelers (including e-rickshaws and e-carts) registered until March 31, 2028. Price caps have also been introduced, with electric two-wheelers up to Rs 1.5 lakh and electric three-wheelers up to Rs 2.5 lakh eligible for subsidies. The scheme is fund-limited, meaning it will close if funds are exhausted before the terminal date of March 31, 2028. The target for the electric three-wheeler (L5) sub-component was already met, leading to its closure on December 26, 2025. Volume caps are set at 24,79,120 electric two-wheelers and 39,034 electric three-wheelers.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard