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Two-, three-wheeler cos get quarter of FY25 EV subsidies

Mint New Delhi

|

April 02, 2025

The Union ministry of heavy industries spent ₹422 crore—about 27% of its FY25 allocation—towards subsidies for electric two- and three-wheelers under the Centre's flagship electric vehicle (EV) subsidy scheme this fiscal till February, a media statement from the heavy industries said on Tuesday.

- Manas Pimpalkhare

Under the PM E-drive scheme, the Centre had allocated ₹1,064 crore towards subsidising electric two-wheelers for fiscal year FY25. For the same period, the government had allocated ₹511 crore towards subsidising electric three-wheelers.

MÁS HISTORIAS DE Mint New Delhi

Mint New Delhi

Stride raises $300-mn India, UK, GCC funds

Stride Ventures launched three funds across India, Gulf Cooperation Council and the UK, raising $300 million in the past six months to be deployed in respective territories, top executives at the venture debt platform said.

time to read

1 min

November 01, 2025

Mint New Delhi

Mint New Delhi

Berkshire’s new normal: No Buffett shareholder letter and no ‘Buffett premium’

Warren Buffett still has a couple months left as Berkshire Hathaway’s chief executive. The company’s shares are already feeling his absence.

time to read

4 mins

November 01, 2025

Mint New Delhi

Mint New Delhi

How the Mughals built their empire on conquest and contracts

This timely book reminds us that the fate of nations has always been written as much in account books as in battles

time to read

5 mins

November 01, 2025

Mint New Delhi

Mint New Delhi

Tata, JBM, others eye India’s biggest electric bus tender

Both officials spoke on the condition of anonymity asthe names of the potential bidders arenot public.

time to read

2 mins

November 01, 2025

Mint New Delhi

Mint New Delhi

Apple sets India revenue record on iPhone 17 surge

The company has now logged 14 consecutive quarters of record iPhone sales in the country

time to read

2 mins

November 01, 2025

Mint New Delhi

The modern traveller's flexiscape route

Travellers are ripping up rigid itineraries and picking destinations that offer it all: rest and adventure, cultural depth and effortless luxury

time to read

4 mins

November 01, 2025

Mint New Delhi

Benetton ex-CEO Sridharan to join as Puma India head

Ramprasad Sridharan, former managing director and chief executive of Benetton India, is set to take over as managing director of Puma India, said two people in the know. India is one of the German sportswear retailer's fastest growing markets where it faces rising competition.

time to read

2 mins

November 01, 2025

Mint New Delhi

Mint New Delhi

A fanged and toothed creature called hope

Megha Majumdar's second novel, set in a famine-stricken Kolkata of the near future, far surpasses her debut

time to read

3 mins

November 01, 2025

Mint New Delhi

Mint New Delhi

Collabs give desi sneakers a burst of speed

Homegrown shoe brands are dropping limited editions that draw on Indian pop culture

time to read

3 mins

November 01, 2025

Mint New Delhi

Mint New Delhi

Snapmint secures $125 million from new funding round

Consumer lending platform Snapmint has raised $125 million in a new funding round led by General Atlantic, with participation from Prudent Investment Managers, Kae Capital, Elev8 Venture Partners, and existing angel investors, the company said in a statement.

time to read

1 mins

November 01, 2025

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