Govt cuts e2W subsidy to ₹5,000 and extends PM E-DRIVE to March 2028.

$TVSMOTOR — relevant through its electric two-wheeler business. The e2W incentive is halved to ₹2,500/kWh, capped at ₹5,000 per vehicle. Scheme outlay remains ₹11,900 crore. Investors can assess subsidy dependence, EV volumes, pricing and regulatory support. Policy support can influence EV adoption, but subsidy changes may affect affordability and industry economics.