Premium Electric Bikes And Scooters Price List With FAME 2 Subsidy
Modified On May 22, 2023 05:00 PM By Nishad for Ather 450X
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Here’s a variant-wise price list of the top premium electric bikes and scooters with the current FAME 2 subsidy
The prices of EVs are all set to go up as the Central Government has decided to reduce the Fame II (Faster Adoption and Manufacturing of Electric Vehicles) subsidy. To know what that means for you, read our report here.
The FAME 2 subsidy was introduced in India on April 1, 2019, and is applicable on electric vehicles that offer a minimum range of 80km, and a top speed of at least 40kmph. The subsidies are a sweet deal for EV buyers and could easily save up to Rs 55,000 on a brand new Ather 450X. However, with the subsidy being slashed from Rs 15,000 per kWh to Rs 10,000 per kWh, the effective price (excluding state-wise incentives, if any) of the Ather 450X is set to go up by Rs 32,500.
The FAME 2 subsidy was really working well in pushing a lot of buyers into buying electric 2-wheelers, especially given the increasing price of petrol. But going forward, the increased prices might become a deterrent to some buyers. Electric bikes like the Tork Kratos or Ultraviolet F77, which were not eligible for Fame II subsidy benefits, would anyway not witness any price change.
So if you are in the market for an Ola, Ather, Vida or TVS scooter, the best time to get your hands on one is before June 1, 2023