PM E-DRIVE Subsidy Ends March 31: Electric Scooters May Get ₹15,000 Costlier
If you’re planning to buy an electric scooter in 2026, this deadline matters. Industry alerts indicate that the PM E-DRIVE subsidy for electric two-wheelers may effectively end on March 31. Once that happens, popular EV scooters could see a price increase of ₹12,000–₹15,000.
What Is the PM E-DRIVE Subsidy?
The PM E-DRIVE scheme is a government incentive designed to reduce upfront EV costs and push faster adoption. For electric scooters, this subsidy has been a key reason why prices look competitive against petrol alternatives.
What Changes After March 31?
- Electric scooter prices may rise by ₹12,000–₹15,000
- “Effective on-road price” advantage over petrol scooters reduces
- Discount-led buying decisions become harder
Why This Impacts Buyers Directly
For first-time EV buyers, subsidies often decide the final yes-or-no. Without incentives, monthly EMIs increase and the break-even period compared to petrol scooters becomes longer. That’s why manufacturers and dealers are already flagging this as a time-sensitive buying window.
Should You Buy an Electric Scooter Now?
Buy before March 31 if:
- You are already planning an EV purchase
- You want the lowest possible on-road price
- You are eligible for state + central incentives
You can wait if:
- You are unsure about charging access in your area
- You are waiting for newer launches later in 2026
Smart Buyer Checklist
- Confirm the final on-road price with subsidy applied
- Ask about delivery timelines (cutoff dates matter)
- Check battery warranty and service coverage
What Happens Next?
Unless the government extends the scheme, electric two-wheelers are likely to become noticeably more expensive from April 2026. For buyers on the fence, the next few weeks could be the most cost-effective opportunity of the year.
Dealers are already advising buyers to lock bookings early, as deliveries after March may not qualify for current incentives.
FAQs: PM E-DRIVE Subsidy
When does the PM E-DRIVE subsidy end?
Industry alerts suggest March 31, 2026 as the effective deadline for e-2W subsidies.
How much could electric scooter prices increase?
Prices may rise by around ₹12,000–₹15,000, depending on model and incentive structure.
Which scooters are affected?
Most mass-market electric scooters that currently qualify for central incentives could be impacted.
Is it a good time to buy an electric scooter?
If you are already planning a purchase, buying before the subsidy window closes can save a meaningful amount.