Govt raises e2W sales target by 50%, nearly triples PM e-DRIVE subsidy budget for FY27
The government raised the electric two-wheeler (e2W) sales target for FY27 to 15.73 lakh units, a 50% increase. The PM e-DRIVE subsidy budget was nearly tripled to ₹786 crore, extending the subsidy regime to March 2028. This move aims to accelerate India's transition to electric mobility amid concerns over the sustainability of current EV adoption rates.