Centre to roll over electric bus and truck incentives to FY27

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.

- Manas Pimpalkhare

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.