Archive · 25 Sep 2026
PM E-DRIVE Helps TVS Scale India’s Electric Two-Wheelers
India is encouraging people to buy electric vehicles through a program called PM E-DRIVE.
Electric two-wheelers, such as electric scooters, have made up most of the vehicles supported by the program.
By September 17, 2026, 26.39 lakh electric two-wheelers had been registered under it.
The program helps reduce the price buyers pay and also supports buses, chargers and testing facilities.
TVS used this growing demand to offer more electric scooters and commercial vehicles.
It says it delivered 3.71 lakh electric two-wheelers in one financial year.
TVS has also expanded its dealers, charging access and manufacturing capacity.
The company makes several important EV parts and systems in-house.
The next challenge is making electric-vehicle demand continue even when incentives become less important.
TVS presented data showing 26.39 lakh electric two-wheelers registered under PM E-DRIVE by September 17, 2026.
The PM E-DRIVE scheme has an outlay of Rs 11,900 crore and runs through March 31, 2028.
TVS says it delivered 3.71 lakh electric two-wheelers in FY2025-26 and operates more than 1,000 EV dealers.
The company has launched 10 electric products and produced its one-millionth iQube at its Hosur facility in June 2026.
TVS said future priorities include reliable charging, greater domestic value addition, recycling and export competitiveness.
- Who
- TVS Motor Company, the Indian government and other stakeholders in the electric-vehicle industry.
- What
- The PM E-DRIVE scheme is helping scale electric two-wheeler adoption, while TVS is expanding its electric products, manufacturing and distribution.
- When
- The data was presented at an ICAT industry dialogue; registrations cited were current through September 17, 2026, and the scheme runs through March 31, 2028.
- Where
- India, with the industry dialogue held in Manesar and TVS manufacturing its one-millionth iQube at Hosur in Tamil Nadu.
- Why
- The scheme aims to reduce upfront EV costs, create predictable demand, support charging infrastructure and encourage domestic manufacturing.
- PM E-DRIVE outlay
- Rs 11,900 crore
- Scheme end date
- March 31, 2028
- Electric two-wheelers registered
- 26.39 lakh as of September 17, 2026
- TVS electric two-wheeler deliveries
- 3.71 lakh in FY2025-26
- TVS EV dealer network
- More than 1,000 dealers
- Public charging points supported by TVS
- Approximately 5,000
- One-millionth iQube
- Rolled out in June 2026 at TVS's Hosur facility