Apr 8, 2024
By: Sourabh Jain
Credit: Canva
Some of the popular electric scooters in India have received a price hike as the FY25 begins.
Credit: Canva
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
The FAME subsidy has been replaced by the Electric Mobility Promotion Scheme (EMPS) 2024, in which the subsidy is capped at ₹10,000 per electric scooter, lower than what was offered with the FAME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 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
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 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
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 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
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