India one of the top electric two wheelers company Bajaj Chetak has announced to increase its ‘Premium’ electric scooter price due to FAME-ll subsidy reduction.
- Bajaj Chetak premium electric scooter is available at Rs 1.44 lakh(ex-showroom)
- Total Rs 22,500 FAME-ll subsidy is eligible
- Without state subsidy, Bajaj Chetak price will be available at Rs 1.50 lakh
After Ola, Ather, TVs electric scooter price hike, Bajaj Chetak announced that they will also increase the price after the FAME-ll subsidy is reduced. Before subsidy was reduced, Bajaj Chetak electric scooter was available at Rs 1.22 lakh (ex-showroom) ,but it is available at Rs 1.44 lakh(ex-showroom). Clearly we can see Rs 22,000 rupees added after the government providing subsidy was reduced.
Bajaj company officials stated that the customers took incentives of about Rs 43,500 before the implementation of the new subsidy rule. But after the new rule this amount is reduced to Rs 22,5002. Almost 50 percent of the previous incentives. The Indian heavy ministry announced that they will reduce the FAME-ll subsidy from 40% to 15% after June 1,2023.
Recently, Bajaj Chetak announced a price drop for Chetak that has continued virtually unchanged since the market launch early in India 2020. But Bajaj Chetak officially announced on their own website the price hike news for ‘Premium’ scooter after June 1.
In terms of Specifications, Bajaj premium electric scooter is equipped with 2.88 kWh powerful lithium-ion battery which provides 90 km long range. It is connected with a powerful motor that offers 63 kmph top speed. It takes four hours to charge 100 percent full charge. Premium scooter is available in four colors-gold, blue,red and black.
Other features like LCD instrument cluster, Bluetooth connectivity,Gps navigation, OTA updates and more.
This price hike is not only in Bajaj Chetak but also you can see on Ola,Ather, TVs. Ola increased Rs,12,000, Ather increased Rs 25,000 and TVs increased Rs 30,000.
Only Hero electric said that they will not increase any price hike on their scooter in India.