E-Scooters to get dearer from June 1: Buy now and save up to Rs 35,000!

Shakti Nath Jha May 29, 2023

The central government will reduce the FAME 2 subsidy amount on electric two-wheelers from June 1, 2023.

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The FAME subsidy offered on electric two-wheelers will be brought down from the existing Rs 15,000 per kWh to Rs 10,000 per kWh from next month.

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Also, the maximum cap on subsidy will be brought down to 15 percent of the MRP from the current 40 percent.

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This will naturally translate into higher product prices and several OEMs have already announced a price revision.

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The price hike for e-scooters will range anywhere from Rs 25,000 to Rs 35,000, depending on the make & model.

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