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

Zarin Fatima

15 Dec 2022 08:30 IST

New Update

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)

Cities	TVS iQube S	Ather 450X	Ola S1 Pro	State subsidy
Bengaluru	Rs 1,30,000	Rs 1,61,925	XX	None
Gujarat	Rs 1,49,000	Rs 1,77,409	XX	Rs 20,000
Chandigarh	Rs 1,35,000	Rs 1,65,473	Rs 1,52,458	None
Lucknow	Rs 1,53,000	Rs 1,80,932	N/A	None
Delhi	Rs 1,37,000	Rs 1,64,084	Rs 1,51,968	Rs 18,500 (Ather) / Rs 19,850 (Ola) /Rs 17,000 (TVS)
Hyderabad	Rs 1,38,000	Rs 1,64,026	N/A	None
Jaipur	Rs 1,33,400	Rs 1,64,004	N/A	Rs 11,036 (Ather) / Rs 15,200 (TVS)
Kolkata	Rs 1,48,000	Rs 1,69,771	N/A	None
Pune	Rs 1,43,000	Rs 1,62,438	Rs 1,52,538	Rs 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Uttar Pradesh has proposed a subsidy but hasn't yet applied it, while many states have already withdrawn EV subsidies.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/UT	Maximum Incentive	Incentive per kWh	Registration/Road Tax Exemption
Delhi	Rs 30,000 + Rs 5,000 scrapping bonus	Rs 10,000	Yes
Gujarat	Rs 20,000	Rs 10,000	Yes
West Bengal	Rs 20,000	Rs 10,000	Yes
Rajasthan	Fixed Battery: Rs 5,000 - Rs 10,000 Swappable Battery: Rs 4,000 - Rs 10,000
Bihar	Rs 20,000	Rs 10,000	Yes
Odisha	Rs 5,000	N/A	Yes

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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TVS iQube S Ola S1 Pro Electric scooter DNP India Ather 450X