Here are 10 key points about the new PM E-DRIVE scheme:
- Subsidy for EV 2-Wheelers: The PM E-DRIVE scheme offers a subsidy of ₹10,000 for electric 2-wheelers, making them more affordable for consumers.
- Subsidy for EV 3-Wheelers: Electric 3-wheelers receive a higher subsidy of ₹50,000 under the scheme, encouraging the adoption of eco-friendly transportation.
- Scheme Duration: The subsidies are available until March 2025, providing a limited window for buyers to take advantage of these incentives.
- Reduction in Subsidy: From April 2025, the subsidy for electric 3-wheelers will be reduced to ₹25,000, while the subsidy for 2-wheelers will also see a reduction.
- Market Share Goals: The scheme aims to achieve a 10% market share for electric 2-wheelers and a 15% market share for electric 3-wheelers by March 2026.
- Exclusion of Electric Cars: Electric cars are not included in this scheme as they already benefit from a lower 5% GST rate.
- Support for E-Buses: The government has allocated ₹4,391 crore for procuring 14,028 e-buses to be used in public transport across nine major cities.
- Incentives for E-Trucks and E-Ambulances: The scheme also includes ₹500 crore for incentivizing e-trucks and another ₹500 crore for deploying e-ambulances.
- Infrastructure Development: To support the growing number of EVs, the scheme proposes installing 72,300 fast chargers across the country.
- Total Outlay: The total budget for the PM E-DRIVE scheme is ₹10,900 crore, aimed at promoting electric mobility and reducing carbon emissions.
This new initiative is a significant step towards a greener future, making electric vehicles more accessible and promoting sustainable transportation in India.
-
Key Economic Drivers: How GDP Growth and CPI Inflation Impact Your Portfolio
The Indian stock market on July 23, 2026, presents a dynamic landscape where the Nifty 50 is navigating resistance near the 23,996 level and the BSE Sensex is balancing robust domestic growth against global headwinds. Driven by strong Q4 FY26 GDP growth of 7.8% and mixed corporate earnings, the current market offers targeted opportunities for…
-
Indian Stock Market Trends: The Complete July 22, 2026 Briefing on Sensex, Nifty, Banks, Sectors and Stock Ideas
Indian stock market trends on Wednesday, July 22, 2026, are being shaped by a delicate balance: resilient domestic growth and easier interest rates on one side, versus earnings scrutiny, global risk appetite, currency pressures and valuation discipline on the other. India’s FY26 real GDP growth is officially estimated at 7.6%, while the RBI’s policy repo rate…
-
Indian Stock Market Trends: Will July 2026’s Volatility Create the Next Big Buying Opportunity?
Indian stock market trends in July 2026 point to a market caught between resilient domestic fundamentals and a more difficult global backdrop. The BSE Sensex closed near 77,709 on 20 July, down 0.57% for the session, while the recent trading narrative has featured pressure on banking shares, selective strength in defensives, and heightened sensitivity to…
-
HDFC Bank Stock Plunges Over 5% Despite ₹19,060 Crore Profit: What Investors Are Really Worried About
HDFC Bank just posted a record ₹19,060 crore profit, yet investors dumped the stock within hours, wiping out over 5% in a single session. What hidden number inside the earnings report triggered this panic despite the record-breaking headline? The real story isn’t the profit. It’s what’s quietly shrinking beneath it. HDFC Bank, India’s largest private…
-
Government Says No Proposal to Offer Long-Term Tax Relief for Domestic Equity Investors: What It Means for Your Portfolio
Millions of Indian investors have been waiting for one thing: relief from equity taxes. Parliament just delivered its answer, and it’s not what anyone hoped. Behind the “no proposal” statement lies a startling revenue number, a quiet foreign investor exemption, and a tax rule quietly reshaping how India invests. Here’s what actually changed. If you…
-
Indian Stock Market Trends: What Could Move Sensex, Nifty 50 and Bank Nifty on Monday, 20 July 2026?
Indian stock market trends enter the new week with a constructive but selective tone: the NSE Nifty 50 finished the prior week 0.52% higher at 24,334, led by a sharp rebound in IT names such as Tech Mahindra and TCS, while the broader investment case remains supported by India’s consumption-and-investment-led growth outlook. The key question…
