Electric scooters get a price hike of up to ₹16,000 as FAME subsidy ends
Apr 8, 2024
Credit: Canva
Electric scooters receive a price hike
Some of the popular electric scooters in India have received a price hike as the FY25 begins.
Credit: Canva
Price hike as FAME subsidy ends
The price hike is a result of the FAME (Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India) subsidy ending on March 31, 2024.
Credit: Canva
EMPS comes into effect
The FAME subsidy has been replaced by the Electric Mobility Promotion Scheme (EMPS) 2024, in which the subsidy is capped at ₹10,000 per electric scooter, lower than what was offered with the FAME scheme.
Credit: Canva
TVS Motors
TVS has increased the price of the iQube electric scooter by ₹3,000 and the iQube S electric scooter by ₹6,000. The scooters are now available at an ex-showroom price of ₹1.37 lakh and ₹1.46 lakh respectively.
Credit: TVS Motors
Bajaj Auto
The Bajaj Auto Chetak Urbane has received a price hike of ₹8,000 and is now available at ₹1.23 lakh and the Bajaj Chetak is now available at ₹1.47 lakh after a price hike of ₹12,000.
Credit: Bajaj Auto
Ather Energy
Ather has increased the price of its 450S electric scooter by ₹16,000, the Ather 450X 2.9kWh by ₹3,000 and the Ather 450X 3.7kWh by ₹10,000. The scooters are now available at an ex-showroom price of ₹1.26 lakh, ₹1.41 lakh and ₹1.55 lakh respectively.
Credit: Ather Energy
Vida
The Vida V1 Plus and the Vida V1 Pro have received a price hike of ₹5,000 and ₹4,000 respectively. The scooters are now available at ₹1.20 lakh and ₹1.50 lakh respectively.
Credit: Vida
Ola Electric keeps price unchanged
Ola Electric has kept the prices of its electric scooters unchanged for now. The company has said that the existing prices will be valid till April 15.
Credit: Sourabh Jain
Companies report record sales ahead of price hike
The anticipated price hike resulted in the electric two-wheeler industry reporting record sales in March 2024, with 1,39,288 vehicles sold during the month, up from 86,358 vehicles sold in March 2023.
Credit: Canva