Try GOLD - Free
Centre to roll over electric bus and truck incentives to FY27
Mint Hyderabad
|November 15, 2025
The ministry of heavy industries has asked the finance ministry to shift the allocation for financial incentives to encourage the purchase of e-trucks and e-buses to next year's budget, according to two people aware of the development.
No incentives have been disbursed yet.
(MINT)
No sops have been disbursed yet, and the Centre has extended the scheme by two years to FY28, the people said, seeking anonymity. The move comes as e-truck makers await localisation approvals, while an e-bus tender is delayed.
“Budget consultations for MHI with the finance ministry happened in October. MHI has asked the outlay for e-trucks and e-buses under PM E-Drive be shifted to next year, and accordingly map the revised estimates,” one of the people said. This is because most disbursals are likely to be done in FY27, he said.
This story is from the November 15, 2025 edition of Mint Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
Nitish Kumar to rule Bihar, again
Women voters and BJP alliance help the JD(U) return as the undisputed king in the eastern state, while the opposition floundered
5 mins
November 15, 2025
Mint Hyderabad
Sebi begins revamp of settlement rules, curb inflated penalties
Although there is a formula to calculate settlements (including base amounts, conversion and regulatory action factors), Sebi can still impose larger amounts at its discretion.
1 mins
November 15, 2025
Mint Hyderabad
How to use pumpkin seeds in everyday cooking
Pumpkin seeds are a high protein superfood, a substitute for meat.\"
4 mins
November 15, 2025
Mint Hyderabad
Investors dump tech shares as shutdown relief evaporates
record and its first close above 48000 on Wednesday.
1 mins
November 15, 2025
Mint Hyderabad
Singapore Airlines commits to AI change
For Singapore Airlines, which owns one-fourth of Air India, there is “no disillusionment” about its investment, even though the Indian carrier’s losses weigh on its profitability
1 min
November 15, 2025
Mint Hyderabad
When food influencers discover ‘hidden gems’
It's a social media magic trick to package old wine in new bottles, but influencers don't realise that it is familiarity and connection to the neighbourhood that makes such places truly precious
5 mins
November 15, 2025
Mint Hyderabad
Why less is always more
A fortnightly column about emotional well-being
2 mins
November 15, 2025
Mint Hyderabad
Stepping up to the plate
\"There are,\" wrote Julian Barnes with the certainty born of experience in The Pendant in the Kitchen, “certain dishes always best eaten in restaurants, however tempting the cookbook version appears.”
1 mins
November 15, 2025
Mint Hyderabad
Celebrating craft in all its forms
When the Mumbai store of Moonray, a four-year-old ready-to-wear label started by Karishma Swali and her daughter, Avantika, shut down a few months ago, it seemed like it would cease to exist. But last week, the same address in the cultural district of Kala Ghoda opened the doors to Chorus, a brand by the mother-daughter duo that expands the Moonray universe to include ready-to-wear, couture, skincare, and a café with craft at the centre.
4 mins
November 15, 2025
Mint Hyderabad
Mumbai meets Miami
Art Deco Alive pays tribute to Mumbai and Miami, which have the world's largest clusters of Art Deco buildings
2 mins
November 15, 2025
Listen
Translate
Change font size