EV Vehicle Prices might Increase from 1st April 2025.

[sidpsidp is verified member.]

Pm e drive subsidy was supposed end on 31st March 2026. But I've received notification from tvs that it is set to decrease from 1st april. May be Govt. had allocated different amount for 2 fy.

So if you were planning to buy ev ,keep it in mind. There could be significant price jump. Tvs is sending notification that icube price might increase by 30k.

If TVS info us accelerate, Bajaj Chetak & ola might be affected too.

 

[hender]

Pm e drive subsidy was supposed end on 31st March 2026. But I've received notification from tvs that it is set to decrease from 1st april. May be Govt. had allocated different amount for 2 fy.

So if you were planning to buy ev ,keep it in mind. There could be significant price jump. Tvs is sending notification that icube price might increase by 30k.

If TVS info us accelerate, Bajaj Chetak & ola might be affected too.
View attachment 86663

As per exchange filing, Ola is offering Holi Discount

 

[Indian]

Every year they saying .... last year i bought ola before 31st but in same year they reduced more price than march as BOSS offer

 

[tachniki]

This should be only applicable for EV 2 wheelers, right?

 

[whysoserious]

Most probably looks like a financial year ending target achieving and marketing gimmick!

 

[sidpsidp is verified member.]

This should be only applicable for EV 2 wheelers, right?

Not sure. They have mentioned pm e drive. Pm e drive is for all (2/3/bus etc).

But there is a chance it is only a marketing attempt to reach year end target.

I had visited tata & mahindra showroom last week with a friend. They didn't mention any such thing.

 

[Hamster]

ROI on ev will decreased. Still ev gives some roi in comparison to petrol ones

 

[sidpsidp is verified member.]

ROI on ev will decreased. Still ev gives some roi in comparison to petrol ones

Roi- return on investment?

Actually ev costs much higher wrt similarly specd ICE vehicle. Fuel cost is low(only if you charge in your house), regular maintenance is low but long term ownership cost is still pretty high.

When you consider limitations on usability due to limited range & availability of experience mechanic , the scale tips against it more.

In pure financial terms ev doesn't stand a chance against cng/ diesel vehicle. Ev could be better choice if you intend to use it at least 1k kmpm and within city limits, & to charge only in your house.

 

[sunit123]

FOMO tactics to achieve FY target...It is "might increase" but not sure.