Subsidy fuel running low, electric two-wheeler firms race against time

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Subsidy fuel running low, electric two-wheeler firms race against time - Business Standard

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This could force companies to either absorb the subsidy cost during the crucial end of the financial year, raise prices, or reduce production in the coming months — each of which would impact sales.

Electric two-wheeler (e2W) companies have expressed concerns that the budget allocated for the subsidy under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (E-DRIVE) scheme, launched on October 1 for 2024-25 (FY25), may be exhausted by mid-February next year.