PM Electric Drive Revolution in Innovative Vehicle Enhancement PM E DRIVE Scheme

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-26112024-258926 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 4672] NEW DELHI, TUESDAY, NOVEMBER 26, 2024/AGRAHAYANA 5, 1946 7616 GI/2024 (1) MINISTRY OF HEAVY INDUSTRIES NOTIFICATION New Delhi, the 25th November, 2024 S.O. 5062(E).—PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme 1. In partial modification of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E- DRIVE) Scheme which was notified by the Ministry of Heavy Industries vide S.O.4259(E) dated 29th September, 2024, the following amendments are made with effect from 8th November 2024. 2. Sl. No. 3 of the Annexure IV of S.O.4259(E) dated 29th September, 2024 shall stand amended as under: +-----+-------------------+----------------------------------------------------------+----------------------------------------------------------+----------------------------+-------------------------+ | Sr. | Vehicle | Maximum number of vehicles to be supported | Incentive for vehicles*1 | Maximum Ex-factory | Total fund support | | No. | Segment +------------------------------------------+---------------+------------------------------------------+---------------+ price to avail incentive | from MHI | | | | Vehicles registered on Vahan portal from | Vehicles | Vehicles registered on Vahan portal from | Vehicles | | (Rs. crore) | | | | 1st April 2024 to 7th November 2024 | registered on | 1st April 2024 to 7th November 2024 | registered on | | | | | | | Vahan portal | | Vahan portal | | | | | | | from 8th | | from 8th | | | | | | | November 2024 | | November 2024 | | | | | | | to 31st March | | to 31st March | | | | | | | 2026 | | 2026 | | | +=====+===================+==========================================+===============+==========================================+===============+============================+=========================+ | 3 | Registered e- | 80,546 | 1,24,846 | Rs.5,000 | Rs.2,500/kWh | Rs.5 lakh | 715*2 | +-----+-------------------+------------------------------------------+---------------+------------------------------------------+---------------+----------------------------+-------------------------+ *1 The proposed amount of incentive per kWh is, however, subject to review as per the reduction in vehicle cost and would be notified accordingly from time to time. The incentive shall be limited to as specified above or 15% of ex-factory price of e-2W/ e-3W, whichever is lower. *2 The outlay under EMPS-2024 is subsumed within the outlay under PM E-DRIVE. [F. No. 1(1)/2024-AEI(28077)] Dr. HANIF QURESHI, Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.