Press Trust of IndiaJuly 6, 2021 6:15:56 pm IST
Ampere Electric cut prices for its electric scooters in Gujarat on Tuesday taking into account additional incentives from the state government and the improved subsidy offered by the Center under FAME-II. Under the new price, the company’s Magnus will now be available for Rs 47,990, down from Rs 74,990 before the implementation of the policy and the FAME-II review. Similarly, the Zeal model now costs Rs 41,990, down from Rs 68,990 previously (all prices, before the showroom), Ampere Electric said in a statement.
The significant price cut for electric scooters in Gujarat follows the Electric Vehicle Policy 2021 announced by the Gujarat government and the revision of the FAME-II subsidy by the central government, it added.
Recently, the Department of Heavy Industry (DHI) modified FAME-II and increased the demand incentive for electric two-wheelers (e2W) to 15,000 rupees per kWh, from the previous uniform subsidy of 10,000 rupees per kWh for all vehicles electrical, including plug. in hybrids and strong hybrids except buses. In addition, it also capped the incentives for e2W to 40 percent of the cost of the vehicle, compared to 20 percent previously.
On the other hand, the Gujarat government recently announced a demand incentive of Rs 10,000 per kWh for e2W (limited to Rs 20,000), electric three-wheelers (e3W) and electric four-wheelers (e4W) in addition to subsidies. available at the central. Government. Maximum ex-works prices were capped at Rs 1.5 lakh, Rs 5 lakh and Rs 15 lakh, respectively, for the three vehicle categories.
“With the revision of the price cut, even Ampere Electric’s large scooters have become much more affordable and are now priced at less than Rs 50,000 in Gujarat,” the company said.
Ampere Electric COO Roy Kurian said the government has taken an extraordinary step to make well-built electric scooters more affordable and therefore easily accessible to a common man.
“At Ampere Electric, we are delighted to see initiatives of this type fostering the growth of dependable and reliable mobility solutions in the last mile,” he added.
It will also help logistics players in B2B segments to save significantly on their transportation costs and use this money for business development, Kurian said.
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