The Ministry of Heavy Industries (MHI) has approved subsidies for 9,800 e-buses in Bengaluru and Hyderabad under the PM E-DRIVE scheme, which aims to deploy 14,028 e-buses across nine metro cities by FY26. The scheme, replacing FAME, has a ₹10,900 Cr outlay for two years. The government also proposed duty exemptions on key minerals to boost domestic EV battery production and reduce costs.
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