Electric two-wheeler prices slashed post recent FAME-II subsidy revision

Christopher Chaves Updated: June 18, 2021, 05:07 PM IST

Just last week, the department of heavy industries announced a revision of subsidies under the FAME II (Faster Adoption and Manufacturing of Electric Vehicles in India) policy in an effort to boost electric vehicle sales in the country. The most notable alterations here being that the subsidy rate has gone up from Rs 10,000/kWh to Rs 15,000/kWh, with a cap of 40 per cent of the cost of the electric vehicle.

The fact that the electric two-wheelers have to meet the FAME-II scheme's criteria to benefit from the revised subsidies, will mean that not all makes and models currently out in the market actually will, so there will be some e-scooters and e-bikes that remain unaffected by the revision. However, a good takeaway here is that this will push these same manufacturers to step up and better their respective offerings. What's more is that the more expensive electric two wheelers that comprise higher quality components will become more affordable, meaning better quality vehicles will become all the more accessible to the masses.

Here are some of the electric two-wheelers whose cost have substantially reduced following the recent FAME-II subsidy revision in India. All prices indicated are ex-showroom.

Ather Energy

Ather Model Earlier Cost  Cost Now Reduction 
Ather 450X  Rs 1,59,000 Rs  1,44,500 Rs 14,500
Ather Plus Rs  1,39,990 Rs  1,25,490 Rs 14,500

Okinawa Autotech

Okinawa Model Earlier Cost  Cost Now Reduction 
iPraise+ Rs 1,17,600 Rs 99,708 Rs 17,892
Praise Pro Rs 84,795 Rs 76,848 Rs 7,947
Ridge+ Rs 69,000 Rs 61,791 Rs 7,209

Revolt Motors

Revolt Model Earlier Cost  Cost Now Reduction 
RV400 Rs 1,18,999 Rs 90,799 Rs 28,200

TVS Motor Company

TVS Model Earlier Cost  Cost Now Reduction 
iQube Rs 1,12,027 Rs 1,00,777 Rs 11,250

Seeing the revised prices of electric powered two-wheelers now nearer to ICE (Internal Combustion Engine) vehicles you must be wondering as to whether all this EV subsidy business actually makes a difference for the better and if it makes sense to go electric right now. Well, if in fact you are, you can run this simple test to get your answer. First, head over to the petrol pump and check out the current price for a liter of fuel. Then, get home and check out the cost per-unit in your last electricity bill. Finally, compare the range-to-running cost of an ICE and battery powered vehicles. You're welcome.

Watch this space for more updates on prices on EVs from various manufacturers in relation to the revised FAME-II subsidy.


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