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MHI nod for EV sops to 9,800 buses in B'luru, Hyderabad
Mint Mumbai
|February 18, 2025
The ministry of heavy industries (MHI) has approved subsidies for 9,800 e-buses under the PM E-drive scheme in Bengaluru and Hyderabad, according to two people aware of the development.
The Centre has approved Bengaluru's demand for 7,000 e-buses and Hyderabad's demand for 2,800 such buses, the people said.
This is 70% of the government's target to subsidize the procurement of 14,028 e-buses in nine metro cities by FY26 under the ₹10,900-crore PM E-drive scheme. With an outlay of ₹4,391 crore, the e-bus subsidy allocation is 40% of the scheme's allocation and the biggest share of the PM E-drive scheme.
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