Ather Electric Scooter 450 Gets Nod For FAME II Subsidy
After Okinawa scooters got a green light for FAME incentives last week, Ather Energy has announced yesterday that its electric scooter Ather 450 has received regulatory compliance to qualify for subsidy under the FAME II scheme.
This means the subsidy amount for the scooter has now gone up from Rs 22,000 to Rs 27,000. Subsequently, the model will now be available with the new on-road reduced price of Rs 1,23,230, Ather Energy said in a statement. Okinawa, on the other hand, will enjoy government subsidy between Rs 17,000 and Rs 26,000 based on their battery capacity (KWh).
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Earlier, the Ather 450 model was available for Rs 1,28,230, inclusive of a subsidy of Rs 22,000 under FAME I. The company’s other electric scooter, the 340, hasn’t received the certification as yet because it has not been applied for, as most of the sales come from the 450. The company has also moved the majority of its focus on the 450 due to its significantly higher demand. Interestingly, Ather held off delivering the scooters in April so that the new subsidy benefit could be passed on to the owners.
“Consumers can expect their Ather 450s to start being delivered in the next couple of weeks, with the new on road price of Rs 1,23,230,” it said.
Under the government’s FAME II scheme to popularise electric and hybrid vehicles, up to 10 lakh electric two-wheelers powered by new advanced technology battery of 2KWH are pegged to get subsidy of up to Rs 20,000.
To avail the government subsidy, the maximum ex-factory price of an electric two-wheeler is up to Rs 1.5 lakh. The company said Ather 450 model and Ather Grid network of charging points will be available in Chennai in June and will be followed by more cities in the coming year.
Ather Energy will install 6,500 charging points across the country and will be operational in 30 cities by 2023, it added.
