India’s E2W Makers Seek PM E-Drive Subsidy Extension

India’s electric two-wheeler makers are urging the government to extend PM E-Drive subsidies beyond March 2026, warning that withdrawal could dampen short-term demand. Executives say incentives ease upfront costs for price-sensitive buyers and provide policy visibility for investments. While some segments may stabilise without support, firms caution subsidy removal could raise prices by ₹6,000–12,000.