Electric Scooters And Motorcycles To Get Subsidy Upto Rs 44,000 In Maharashtra
Plus, there will be no road tax or RTO registration charges for EVs as well
Plus, there will be no road tax or RTO registration charges for EVs as well
Weeks after Gujarat announced its incentives for the adoption of electric vehicles, the government of Maharashtra has followed suit. The state’s subsidy scheme will offer additional subsidy benefits of up to Rs 44,000 for electric two-wheelers. Plus, for all the early adopters, there will be no RTO registration charges or road tax levied.
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So how does this affect the prices of electric two wheelers? Here’s a small table to break down the amount of subsidies:
|
Amount |
|
|
Basic subsidy |
Rs 10,000 |
|
Early bird offer, valid until December 31, 2021 |
Rs 15,000 |
|
Battery warranty based incentive |
Rs 12,000 |
|
ICE vehicle scrappage policy |
Rs 7,000 |
|
Total |
Rs 44,000 |
These benefits will be added to the revised FAME 2 subsidies, making it far, far more accessible to purchase an electric two-wheeler in Maharashtra. The only hurdle that we see in this policy is the battery warranty incentive. Most electric two-wheeler manufacturers offer only a 3-year warranty period, whereas the Rs 12,000 can only be availed if it is a 5-year period.
Also, we aren’t really sure how many existing ICE owners will opt for the scrappage policy. While electrics will act as great daily runabouts, for longer commutes or touring, ICE products will still have the edge. Nevertheless, citizens of Maharashtra can still enjoy an incentive of Rs 25,000 (plus the already offered FAME 2 benefit) on the purchase of a new electric vehicle.
If we were to apply Rs 25,000 as a subsidy amount, here’s how the prices of some of the popular electric vehicles will change:
|
Vehicle |
New Price In Maharashtra |
|
Ather 450 Plus |
Rs 1,03,231 |
|
Rs 1,22,241 |
|
|
Rs 86,999 |
|
|
Rs 90,898 |
|
|
Hero Electric Nyx HX (dual battery) |
Rs 42,954 |
|
Rs 45,990 |
With the likes of the Ola Scooter, Simple One and many more electric offerings expected to hit our markets soon, adoption of electrics is going to boom. The Maharashtra government has also incentivised public charging infrastructure, which would only go a lot further in the acceptance of EVs as well as reduce range anxiety troubles.
User Reviews
Very excellent riding experience with good battery backup and smooth riding, very good and attractive build of the body which is very eye catching plus the service staff is very polite and helpful always very supportive. Very compact design and fast charging capacity. Everyone is pleased and best feature is the environment benefits.Read More
I chose this bike because this is the most reliable bike in this price range and it is easy to trust electric bike for reliability. Other bike in this price range is ola roadster but that is not reliable and trustful. I rode this for long rides. Since I have this bike from last two years, I never faced any big problem like immediately switch off like other but with time its power slightly gets down which is normal and better. I bought this because from past 2 years this bike saved my fuel cost which will be equivalent to the price of bike so even it gets unusable after 4-5 years, this will not made impact because you can save very much fuel.Read More