FAME II: TVS, Ather, Okinawa offer big discounts on electric scooters, check new prices

With the revision in incentives, TVS, Ather, and Okinawa are offering additional discounts worth up to Rs 17,500 on electric scooters. The incentives will help in making electric two-wheelers cheaper than ever.  

Okinawa Autotech is the latest electric vehicle manufacturer to announce a price cut on its two-wheelers. On Wednesday, the company said that it has chopped the prices of its entire lineup, with the discount ranging from Rs 7,209 to Rs 17,892. 

 

With the revision in prices, Praise+ electric scooter is now retailing at Rs 99,708. The scooter was earlier priced at Rs 1,17,600. Meanwhile, the Praise Pro electric scooter is selling at Rs Rs 76,848. 

TVS Motor Company has slashed the prices of its iQube electric scooter by Rs 11,250, offering additional cut based on the subsidies offered by the government under the FAME II scheme. 

 

TVS iQube is powered by a silent, hub-mounted motor that generates a peak output of 4.4kW. TVS claims that the bike offers a top speed of 78 kmph and a range of 75 km with a single charge.

Ather Energy has announced a cut of Rs 14,500 after the FAME II subsidy revision was announced by the ministry. With the revision in prices, Ather Energy is now retailing the Ather 450X electric scooter at Rs 1,32,426 and Rs 1,44,500 in Delhi and Bengaluru, respectively. Both prices are ex-showroom.

 

Ather 450X comes with three riding modes, which are Eco, Ride, and Sport. In the Eco mode, riders get more kilometres per charge, but a low maximum speed limit. However, the Sport mode offers higher speed limits to riders but low kilometres per charge. 

FAME II scheme was initially launched by the Indian government with an outlay of Rs 10,000 crore in March 2019 to ramp up eclectic vehicle adoption in India. But the scheme is yet to offer desired results, and the blame is on the stringent criteria for manufacturers. 

 

However, with the latest revision in the scheme by the Ministry of Heavy Industries, we may see increased adoption of electric vehicles.