Uttar Pradesh Extends EV Subsidy Till October 2027

The customer purchasing the vehicle will be given discount on only one vehicle.

The Uttar Pradesh government has extended its subsidy scheme for electric vehicles for three more years.

Electric two-wheelers registered in Uttar Pradesh will enjoy a subsidy of Rs 5,000 and electric cars up to Rs 1 lakh till October 2027, according to a circular issued by the state government on Tuesday.

There is a provision of Rs 100 crore for two-wheelers to provide subsidy to about 20 lakh vehicles. A discount of Rs 1 lakh on four-wheelers has been approved for 25,000 vehicles. It has allocated Rs 250 crore for four-wheelers, according to the notification.

The customer purchasing the vehicle will be given discount on only one vehicle. Concession will not be admissible on purchase of second vehicle, it said.

Also Read: India's Automobile Exports Rise 15.5% In June Quarter

Watch LIVE TV , Get Stock Market Updates, Top Business , IPO and Latest News on NDTV Profit.
WRITTEN BY
Tushar Deep Singh
Tushar Deep Singh is a Mumbai-based business journalist reporting on India'... more
GET REGULAR UPDATES