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Recent Current Affairs related to MHI

3 News
17 August 2026 NATIONAL

The Ministry of Heavy Industries (MHI) has amended the Prime Minister’s Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme. Under the amendment, the incentive for electric two-wheelers (e-2Ws) has been reduced to ₹2,500 per kilowatt-hour (kWh) (capped at ₹5,000 per vehicle) for the period from April 2025 to March 2028.

Notified in 2024, the PM E-DRIVE Scheme was initially launched for a 2-year period, with its implementation subsequently extended up to March 31, 2028. The scheme has a total financial outlay of ₹11,900 crore.

22 July 2026 SCIENCE

The Japan Aerospace Exploration Agency (JAXA) has successfully conducted the inaugural lift-off and landing test of its reusable rocket prototype, 'RV-X', at the Noshiro Testing Center in Japan.

The prototype is developed in partnership with Mitsubishi Heavy Industries (MHI). It measures 7.3 m in length and 1.8 m in diameter, featuring an enhanced-durability engine and 4 shock-absorbing landing legs.

7 May 2026 AGREEMENTS

India and the European Union (EU) have launched a joint initiative to improve Electric Vehicle (EV) battery recycling under the India-EU Trade and Technology Council (TTC) - Working Group 2 on Green and Clean Energy Technologies.

The project involves a third coordinated call for proposals to secure critical raw materials and accelerate the global transition to a circular economy. The initiative has a combined funding pool of €15.2 million (₹169 crore). The component of the EU is funded through the Horizon Europe programme, while the part of India is supported by the Ministry of Heavy Industries (MHI).

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