Revolt Motors has announced that it has secured official approval from the Ministry of Heavy Industries to be eligible for Central Government’s EV subsidy schemes. The company stated that it had proactively paid back the past availed subsidies under FAME-II subsidy regime. With this step, all past issues related to FAME II subsidies stand fully resolved. It is not only eligible for the current ongoing Electric Mobility Promotion Scheme (EMPS) 2024 subsidy for electric two wheelers but also the subsequent FAME III subsidy scheme which is expected to follow EMPS. The current scheme, EMPS, was extended by the Government of India till September 30, 2024 last week.
As per the current EMPS scheme, this is eligible for Rs 10,000 per motorcycle as subsidy from Government of India, which will make it competitively priced in the market further boosting both the sales and profitability of the company in a big way.
Ms. Anjali Rattan, Co-Chairperson of RattanIndia Enterprises Ltd., the parent company of Revolt Motors said, “This endorsement is a testament to our relentless efforts towards the Make in India program with its 100% made in India electric motorcycles. Revolt Motors has an unwavering commitment to provide environmentally-friendly transportation solutions accessible to all Indians.”
Revolt Motors introduced India’s first AI-enabled motorcycle, Revolt Intellicorp, seamlessly combining innovation with performance and aesthetics. It also provides a full range of genuine parts and accessories through its authorized dealerships, ensuring a comprehensive electric riding experience.
