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Home PEOPLE Electric scooters in India: Buying an EV can help you save a...

Electric scooters in India: Buying an EV can help you save a lot of money, we tell you how and where

Electric Scooter: We were all surprised when we found out how much the Ultraviolette F77 would cost. This could happen more often now that the deadline for the FAME II subsidies to end is getting closer. But before that happens, we’ll tell you about the prices of the three most popular scooters in each Indian state. This will give you a better idea of how subsidies for electric two-wheelers are doing across the whole country.

Prices of the three most popular scooters

Effective price (including Fame 2 only)

 CitiesTVS iQube SAther 450X
Ola S1 Pro State subsidy
BengaluruRs 1,30,000Rs 1,61,925XXNone
GujaratRs 1,49,000Rs 1,77,409XXRs 20,000
ChandigarhRs 1,35,000Rs 1,65,473Rs 1,52,458None
LucknowRs 1,53,000Rs 1,80,932N/ANone
DelhiRs 1,37,000Rs 1,64,084Rs 1,51,968Rs 18,500 (Ather) / Rs 19,850 (Ola) /Rs 17,000 (TVS)
HyderabadRs 1,38,000Rs 1,64,026N/ANone
JaipurRs 1,33,400Rs 1,64,004N/ARs 11,036 (Ather) / Rs 15,200 (TVS)
KolkataRs 1,48,000Rs 1,69,771N/ANone
PuneRs 1,43,000 Rs 1,62,438Rs 1,52,538Rs 10,000 (not on TVS)

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Uttar Pradesh has proposed a subsidy but hasn’t yet applied it, while many states have already withdrawn EV subsidies. Next, some states, like Gujarat, have a fixed subsidy amount. In Delhi and Rajasthan, however, the subsidy amount depends on the battery capacity of the scooter.

Maximum incentives in State and UT

State/UTMaximum IncentiveIncentive per kWhRegistration/Road Tax Exemption
DelhiRs 30,000 + Rs 5,000 scrapping bonusRs 10,000Yes
GujaratRs 20,000 Rs 10,000Yes
West BengalRs 20,000Rs 10,000Yes
RajasthanFixed Battery: Rs 5,000 – Rs 10,000
Swappable Battery: Rs 4,000 – Rs 10,000
BiharRs 20,000Rs 10,000Yes
OdishaRs 5,000N/AYes

An interesting exception is Maharashtra, where the flat Rs 10,000 state subsidy applies to the Ather 450X and Ola S1 Pro but not to the TVS iQube S, according to what we learned from the dealers.

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Now, as was said, the prices of these scooters will only go up over time, except for UP (if the proposed subsidy goes through). But even now, these electric scooters cost as much or even more than many entry-level performance-focused gasoline motorcycles, even though they don’t perform as well.

And when FAME II ends in March ’24, prices could go up a lot—from Rs 45,000 to Rs 50,000, depending on the scooter—putting them out of reach for everyone but the wealthy. This could affect the growth of electric two-wheelers in India, which has been on the rise so far, but we don’t know if that will happen yet.

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