Ather 450X, 450 Plus prices slashed by ₹14,500 thanks to new FAME II subsidy
In a bid to increase green mobility adoption in India, the Centre has decided to reduce the burden on EV manufacturers by increasing the subsidies offered on battery-powered two-wheelers. As per an announcement rolled out by the Department of Heavy Industry, the incentive for electric two-wheelers has been increased to ₹15,000 per kWh, up by ₹5,000 per kWh from the earlier provided subsidy rate.
Thanks to the newly announced subsidies, the pricing of the battery-powered two-wheelers is bound to come down. Now, Ather, one of the leading EV makers of India has become one of the first two-wheeler manufacturing companies to pass on the incentive to its customers by bringing down the price of its 450X electric scooter.
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The EV maker said that its scooters will now become more affordable costing ₹14,500 less after FAME II subsidy revision. It said, "We'll announce on-road prices and any other necessary information over the next few days. Website will be updated later to reflect all this information."
The new ex-showroom Bengaluru prices of both the Ather electric scooters are as follows:
- Ather 450X: ₹1,25,490
- Ather 450 Plus: ₹1,44,500
Tarun Mehta, CEO and Co-founder of Ather Energy, said, "The revision in the FAME policy, increasing the subsidy by 50% per KWh is a phenomenal move. Sales of electric two-wheelers have grown despite the pandemic and with this additional subsidy, we expect electric two-wheeler sales to disrupt the market, and clock 6 million+ units by 2025. Ather Energy already has plans to expand distribution to 30 cities in the next 6 months and this increased subsidy will help accelerate consumer demand, immensely. The Government's continued support to drive adoption of EVs, with a keen focus on locally built electric two-wheelers will make India the manufacturing hub of EVs."