Table of Content
- 1.Maharashtra Govt Offers ₹1.5 Lakh Subsidy on EVs: All You Need to Know
- 2.Overview of EV Policy in Maharashtra
- 3.Vision 2025-2030
- 4.Who is Eligible for the Maharashtra EV Subsidy?
- 5.How to Apply for EV Subsidy in Maharashtra
- 6.Documents Required for EV Subsidy Claim
- 7.Benefits of Maharashtra’s EV Subsidy Program
- 8.How to Claim the EV Subsidy in Maharashtra
- 9.Why Now is the Right Time to Buy an EV in Maharashtra
- 10.Final Word
Maharashtra Govt Offers ₹1.5 Lakh Subsidy on EVs: All You Need to Know
If you’ve been eyeing that sleek new electric car at your nearest MG showroom, here’s your sign to go for it. The Maharashtra EV subsidy has just made the deal a whole lot sweeter – with up to ₹1.5 lakh off on your next electric vehicle.
So what is this subsidy all about? Who is eligible? Can you actually save anything? In this blog we talk about everything you need to know regarding the electric car subsidy in Maharashtra – eligibility, documents, process and benefits.
If you are considering changing to the MG Comet EV or the designed ZS EV, understanding the EV car subsidy in Maharashtra is essential to making a savvy, future-ready decision.
Overview of EV Policy in Maharashtra
Let’s rewind a little.
The Maharashtra government released its Electric Vehicle Policy in July 2021, to make 10% of all vehicle registrations electric by 2025 (Maharashtra EV Policy 2021, Government of Maharashtra). The policy was set to incentivize early adopters of EVs, reduce pollution in urban areas and establish the state of Maharashtra as a base for manufacturing EV’s.
Now updated for 2024, the subsidy for electric vehicles in Maharashtra has become more refined with better incentives and a simplified process. The goal is to see over 300,000 EV’s on the roads by 2025 and sustainably lead the shift to cleaner, smarter mobility.
Vision 2025-2030:
- Make Maharashtra a top 3 EV-friendly state in India
- Deploy charging stations every 3 km in cities
- Transition all public transport to EVs by 2030
With these goals, the EV car subsidy in Maharashtra isn’t just a cost-saving offer – it’s a step towards long-term sustainable change.
Who is Eligible for the Maharashtra EV Subsidy?
Not every vehicle will qualify for the Maharashtra EV subsidy, but if you are buying a certified EV from a recognized dealer, such as MG Modi, you should be fine.
Here’s who can avail the electric vehicle subsidy in Maharashtra:
- Buyers of new electric 2-wheelers, 3-wheelers, and 4-wheelers
- Vehicles registered and purchased within Maharashtra
- EVs listed under the approved list of FAME II and Maharashtra EV Policy
- One subsidy per buyer (per category)
MG’s electric cars like the Comet EV and ZS EV are both eligible under this scheme. So if you’re searching for the right electric car subsidy in Maharashtra, MG vehicles tick all the boxes.
How to Apply for EV Subsidy in Maharashtra
Ready to apply for your EV car subsidy in Maharashtra? Here’s a step-by-step guide:
Step 1: Buy Your EV
Choose your electric car from an authorized dealer (like MG Modi) and complete the purchase.
Step 2: Registration
Ensure your vehicle is registered in Maharashtra with the local RTO.
Step 3: Visit the Official Portal
Head to the Maharashtra EV subsidy portal and create an account.
Step 4: Submit Application
Upload required documents (listed below), vehicle details, and bank information.
Step 5: Verification & Approval
The application is verified by authorities and, once approved, the subsidy is credited to your bank account within 30–90 days.
Bonus: Many MG buyers report that MG Modi staff assist throughout the EV car subsidy in Maharashtra process, making it seamless and stress-free.
Documents Required for EV Subsidy Claim
Here’s what you’ll need to apply for the Maharashtra EV subsidy:
| Required Document | Purpose |
|---|---|
| Aadhaar Card | Proof of identity & residency |
| PAN Card | Income tax verification |
| Vehicle RC | Proof of registration in Maharashtra |
| Insurance Copy | Proof of active vehicle insurance |
| Invoice | Proof of vehicle purchase |
| Bank Passbook | For subsidy disbursal |
| Form 20 (from dealer) | Vehicle purchase details |
Having these ready ensures smooth processing of your electric car subsidy in Maharashtra claim.
Benefits of Maharashtra’s EV Subsidy Program
So what exactly do you gain from the EV car subsidy in Maharashtra besides just a discount?
| Benefit | Details |
|---|---|
| ₹1.5 lakh direct subsidy | For eligible 4-wheelers |
| No road tax | 100% exemption in Maharashtra |
| No registration charges | Saves up to ₹20,000 |
| Lower running costs | ₹1/km vs ₹8 - 10/km (petrol/diesel) |
| Eco-impact | Zero tailpipe emissions |
| Priority parking & green plates | Available in select urban zones |
Combined, these make the electric vehicle subsidy in Maharashtra one of the most aggressive and consumer-friendly EV policies in India.
How to Claim the EV Subsidy in Maharashtra
Here’s a quick checklist to keep your claim on track:
- Purchase an EV from an authorized dealer
- Register the car in Maharashtra
- Log in to the official EV portal
- Upload accurate documents
- Track your application via reference ID
- Receive direct bank credit within 3 months
Tip: Most MG car dealers, including MG Modi, offer end-to-end assistance to claim your Maharashtra EV subsidy with ease.
Why Now is the Right Time to Buy an EV in Maharashtra
With fuel prices inching towards ₹110/litre in major cities and urban air pollution on the rise, the push toward EVs isn’t just a trend - it’s a necessity.
And the Maharashtra EV subsidy is the perfect nudge.
Let’s crunch some quick numbers:
| Model | Ex-Showroom Price | Subsidy | Final Price |
|---|---|---|---|
| MG Comet EV | ₹4.99 lakh | ₹1.5 lakh | ₹3.49 lakh |
| MG ZS EV | ₹13.00 lakh | ₹1.5 lakh | ₹11.05 lakh |
Savings + zero emissions + low maintenance + government backing = the perfect storm for EV ownership.
Take that growing resale value, easier traffic exemptions in the future, and lower service costs, and you can see that the electric car subsidy in Maharashtra offers more than a helping hand - it’s a game-changer.
Final Word
The Maharashtra EV subsidy is not just a mere policy – it’s a once-in-a-lifetime opportunity to switch to smarter, cleaner mobility and save a lot of money doing it.. Whether it’s the compact and connected MG Comet EV or the tech-forward MG ZS EV, these electric vehicles now come with more than just great features – they come with government-backed financial ease.
And if you’re still unsure, head to your nearest MG Modi showroom. The team is well-versed in all things subsidy, paperwork, and EV. Your cleaner, quieter, cost-saving drive is closer than you think.
