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Centre slashes PME-Drive e-rickshaw outlay by 75%
Mint Hyderabad
|August 23, 2025
Incentives for e-rickshaws lowered from 110,000 to 40,000 units; L5 target raised to 288,000 from 200,000
The Union heavy industries ministry has cut the outlay for e-rickshaws under PM Electric Drive Revolution in Innovative Vehicle Enhancement (PME-DRIVE) Scheme to ₹50 crore from ₹192 crore. In an amendment notified on 13 August, the Centre placed its bets on providing demand incentives to electric three-wheelers used for passenger or cargo transport, or the L5 category.
The amendment raised the outlay for L5 category vehicles to ₹857 crore from ₹715 crore, after low demand for e-rickshaw incentives. Low demand was most evident in the e-rickshaw category, which depends on imported parts and fails to meet the localization norms.
यह कहानी Mint Hyderabad के August 23, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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