Over 14 lakh electric two-wheelers have received incentives across India as the scheme progresses towards its 24.79 lakh vehicle target.
11 Feb 2026 | 407 Views | By Shristi Ohri
The Ministry of Heavy Industries has reimbursed ₹1,182.32 crore to vehicle manufacturers under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme as of February 5, 2026, benefiting 14,39,224 electric two-wheelers registered since April 1, 2024.
The scheme, which has allocated ₹1,772 crore for incentivising 24,79,120 ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
The Ministry of Heavy Industries has reimbursed ₹1,182.32 crore to vehicle manufacturers under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme as of February 5, 2026, benefiting 14,39,224 electric two-wheelers registered since April 1, 2024.
The scheme, which has allocated ₹1,772 crore for incentivising 24,79,120 electric two-wheelers through March 31, 2026, provides upfront price reductions to buyers. These reductions are subsequently reimbursed to Original Equipment Manufacturers by the ministry.
Maharashtra leads in electric two-wheeler adoption with 2,71,849 incentivised vehicles, followed by Karnataka with 1,57,534 and Tamil Nadu with 1,43,914 units. Uttar Pradesh and Rajasthan round out the top five states with 1,15,246 and 94,004 vehicles respectively.
The scheme operates on a pan-India basis, making incentives available in both urban and rural areas across all states and union territories. While the program does not offer tax exemptions to manufacturers, they receive separate support through the Production Linked Incentive Scheme for Automobile and Auto Components, which provides incentives ranging from 13% to 18% of determined sales value for eligible Advanced Automotive Technology products.
Manufacturers participating in PM E-DRIVE must comply with a Phased Manufacturing Programme, which mandates progressive localisation of specified electric vehicle components to strengthen India's domestic EV manufacturing ecosystem.