After the FAME-ll subsidy stopped , India electric two wheelers like Ola, Ather, TVs IQube price was hiked from June 1. TVs official said that after the FAME-ll subsidy was reduced, the TVs electric scooter price was increased between Rs 17,000 to Rs 22,000 depending on the variants.
Recently TVs IQube launched its TVs S variant which is available at Rs 1,06,384 and Rs 1,16,886 respectively in Delhi.
TVs Motor director and CEO K N Radhakrishnan stated,” after the FAME-ll subsidy stopped, the electric scooter price will gradually increase but we are very happy to contribute to India ‘s green energy mission.”
TVs has announced that those customers had booked their scooter within 20 May,2023. They will get the same benefits from the FAME-ll subsidy.
Similarly, Ather Energy is also affected by the FAME-ll subsidy. Recently they announced to increase the price of Ather 450x scooter in India. Right now, Ather scooter is available at Rs 1,45,000 (ex-showroom, Bengaluru).
Ather Energy official said that after the FAME-ll subsidy stopped, the Ather 450x electric scooter price will be increased by about Rs 32,000. This huge price hike may affect the electric two sales in the upcoming year.
On the other hand, Ola electric is not far away from this price hike. Ola S1 Pro is now available at Rs 1,39,999 instead of price Rs 1,29,999. And Ola S1 Air is available at Rs 1,09,999.
“With an unyielding dedication to customer satisfaction, we have marginally increased our satisfaction. We have our product prices starting June, despite the price deduction of subsidy.”- said Ola Electric founder and CEO Bhavish Aggarwal.
But interestingly, Hero Electric said that they will not increase their scooter price after the subsidy is reduced.
Read more:Hero electric claims” No Price hike” after the FAME-ll subsidy stopped
Hero electric, one of the companies in India, reported that they will not increase the price on their products. The reason behind the step as stated by the automaker is that it remains committed to encouraging the use of electric two wheelers and addressing misconceptions regarding their ownership costs.
The effect of FAME-ll subsidy
India’s heavy ministry has cut the FAME-ll subsidy, raising the price of electric vehicles. The government has reduced the subsidy from 40% to 15%. Subsidies for electric two wheelers have been reduced from Rs 15,000 to Rs 10,000 per kWh battery capacity. For this reason, Ather electric scooter is currently available at Rs 1.28 lakh (ex-showroom, Bengaluru).
Most of the Indian customers demand an electric scooter which offers 80 km range and at least 40 kmph top speed.
