Ministry of Heavy Industries (MHI) has launched India’s first financial incentive scheme for electric trucks (e-trucks) under PM E-DRIVE. It aims to promote clean, efficient, and sustainable freight mobility in alignment with PM Modi’s Green Mobility Vision.
Key Highlights of the Scheme
| Feature | Details |
| Launched by | Ministry of Heavy Industries, Government of India |
| Part of | PM E-DRIVE initiative |
| Focus | First-ever incentive scheme for electric freight vehicles (e-trucks) |
| Vehicle Categories Covered | N2 (GVW > 3.5 to 12 tonnes) and N3 (GVW > 12 to 55 tonnes) as per CMVR |
| Articulated Vehicles | Incentive applies only to puller tractor of N3 category |
Warranty Requirements
| Component | Warranty Terms |
| Battery | 5 years or 5 lakh km, whichever is earlier |
| Vehicle & Motor | 5 years or 2.5 lakh km, whichever is earlier |
Incentive Structure
- Maximum incentive: ₹9.6 lakh per vehicle
- Mode: Upfront reduction in purchase price
- Reimbursement: To OEMs via PM E-DRIVE Portal
- Basis: First-come, first-served
Implementation Details
| Particular | Details |
| Total Deployment Target | Approx. 5,600 e-trucks across India |
| Special Focus on Delhi | Dedicated quota of 1,100 e-trucks with an outlay of ₹100 crore to combat pollution |
Significance
- It is the first initiative in India to decarbonize the freight transport sector through targeted electric mobility adoption.
- It supports Make in India and Aatmanirbhar Bharat by promoting domestic e-truck manufacturing.
- It will also help to reduce dependence on fossil fuels and mitigates urban air pollution, especially in metro cities like Delhi.