Maharashtra’s electric vehicle (EV) adoption program is facing delays as nearly ₹3,000 crore in pending subsidies have accumulated since FY21-22, affecting both established and smaller vehicle manufacturers.
Bajaj Auto is awaiting close to ₹100 crore for its electric cargo and passenger three-wheelers, while Mahindra Last Mile Mobility expects around ₹25–30 crore. Industry sources say most funding from the last two to three years remains stalled.
Officials attribute the backlog to coordination and budget allocation issues between the transport and finance departments. Following the death of former Deputy Chief Minister Ajit Pawar in January 2025, Chief Minister Devendra Fadnavis assumed control of the finance department, but clarity on pending payments is still awaited.
Newly appointed Transport Commissioner Rajesh Narvekar took charge on February 20, 2025, and is reviewing the outstanding dues. In January 2026, the government cleared only ₹60 crore, covering a small portion of the total backlog.
Public electric bus deployment is particularly affected. Evey Trans Private Ltd, a subsidiary of Olectra Greentech, is awaiting around ₹860 crore in incentives, causing delays in bus deliveries and production schedules.
The state-run Maharashtra State Road Transport Corporation (MSRTC) has also reported mounting losses, with cumulative deficits of ₹10,324 crore in FY24, limiting its ability to support large-scale EV programs. Industry experts warn that continued delays could undermine the state’s EV policy goals and electrification efforts.
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