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Electric Bikes And Scooters Price List: Ola, Ather, TVS, Vida, Ultraviolette

Modified On Mar 5, 2024 05:28 PM By Sahil for Ather 450X

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Prices of the electric two-wheelers could increase by up to 25 percent if the FAME 2 scheme ends on March 31, 2024

Bajaj Chetak, TVS iQube, Ather 450X and Ola S1 Pro Side

To encourage more people to switch to electric vehicles (EVs) in India, the government initiated the FAME 2 (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) subsidies on the purchase of an electric bike or scooter, which makes them more affordable to buy. But this scheme could end on March 31, 2024.

Taking that into consideration, we have put together a price list of the most popular electric bikes and scooters, with and without FAME 2 subsidy. This list should give you an idea of what the EV prices would look like after March:

Model Name

Ex-Showroom Price (Including FAME 2 Subsidy)

FAME 2 Subsidy

Ex-Showroom Price (Without FAME 2 Subsidy)

Ola S1 Pro 

Rs 1,29,999

Rs 22,424

Rs 1,52,423

Ola S1 Air

Rs 1,04,999

Rs 18,306

Rs 1,23,305

Ola S1 X+ (3kWh)

Rs 84,999

Rs 16,780

Rs 1,01,779

Ola S1 X (4kWh)

Rs 1,09,999 

Rs 16,780

Rs 1,26,779

Ola S1 X (3kWh)

Rs 89,999

Rs 13,729

Rs 1,03,728

Ola S1 X (2kWh)

Rs 79,999

Rs 12,204

Rs 92,203 

Ather 450X (3.7kWh)

Rs 1,44,923

Rs 22,485

Rs  1,67,407

Ather 450X (2.9kWh)

Rs 1,38,002

Rs 21,488

Rs 1,59,489

Ather 450S (2.9kWh)

Rs 1,09,999

Rs 21,041

Rs 1,56,042

Ather 450 Apex

Rs 1,88,999


Rs 1,88,999

TVS iQube

Rs 1,34,422

Rs 21,131

Rs 1,55,553

TVS iQube S

Rs 1,40,025

Rs 22,065

Rs 1,62,090

Bajaj Chetak Urbane

Rs 1,15,002

Rs 17,897

Rs 1,32,899

Bajaj Chetak Premium

Rs 1,35,463

Rs 21,150

Rs 1,56,613

Vida V1 Plus

Rs 1,45,000 

Rs 22,335 

Rs 1,67,355

Vida V1 Pro

Rs 1,45,900 

Rs 22,485 

Rs 1,68,385 

Tork Kratos R

Rs 1,49,999

Rs 22,500

Rs 1,72,499

Ultraviolette F77 STD

Rs 3,80,000


Rs 3,80,000

Ultraviolette F77 Recon

Rs 4,55,000


Rs 4,55,000

The electric vehicle (EV) usage in India's two-wheeler market is currently around 5 percent, and the FAME 2 subsidies have played a significant role in reaching this level. A few months ago, the Federation of Indian Chambers of Commerce and Industry (FICCI) backed the idea of extending the FAME 2 scheme for another five years, which would mean discounted prices for a longer period. Continuing the FAME 2 scheme currently seems important for achieving an even higher percentage of EV sales in the coming years. However, the situation is currently uncertain, and no decisions have been made by the authorities yet.

Bajaj Chetak, TVS iQube, Ather 450X and Ola S1 Pro Side

Do note that the Ather 450 Apex, Ultraviolette F77, and Ultraviolette F77 Recon don’t come under the FAME 2 subsidy as these manufacturers have not applied for the same. 

In recent updates, Ola Electric is offering discounts of up to Rs 25,000 on the Ola S1 Pro, S1 Air, and S1 X+ models, which have been extended till the end of March 2024. Additionally, the manufacturer has launched the Ola S1 X (4kWh) with a larger battery pack. Meanwhile, the bookings for the 2kWh and 3kWh variants’ began in February 2024.

Bajaj Chetak, TVS iQube, Ather 450X and Ola S1 Pro Front

Tork Motors is also running a huge discount on the Kratos R, bringing down the electric bike’s ex-showroom price by Rs 37,500. It is also valid till March 31.

And finally, Ather Energy is all set to launch a new family scooter called the Ather Rizta on April 6 during the Ather community day. This scooter showcases a boxy design, a spacious single-piece seat and is positioned as an everyday family scooter.

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