India targets ₹80 crore subsidy disbursement for EV charging under PM E-Drive by March 2026

The Ministry of Heavy Industries is evaluating proposals from state governments and state oil marketing companies to deploy EV charging infrastructure under the ₹10,900 crore PM E-Drive scheme. Officials aim to disburse approximately ₹80 crore in subsidies by the end of financial year 2026, according to sources familiar with the programme.

Why it matters: The subsidy pipeline signals near term capital availability for public sector charging projects in India, giving state utilities and oil retailers a clearer timeline to finalise site selection and procurement. CPOs partnering with these entities can now plan rollout schedules around the March 2026 funding milestone.