With the reduction in the FAME-II subsidy coming into effect from today, EV OEMs are steadily announcing new prices for their products. The latest to do so is Bengaluru-based startup, Ather Energy.
Ather has increased the prices of its flagship offering, the 450X, by Rs 8,000 and the e-scooter is now priced at Rs 1.48 lakh (ex-showroom, Delhi, including FAME-II subsidy). Despite the company having its subsidy reduced by Rs 32,000, it has hiked the prices by Rs 8,000 and absorbed the balance.
The price of the base 450X has seen an increase of Rs 30,000 and it now retails at Rs 1.28 lakh. However, the company is now providing this model with access to the Grid fast-charging network as well as the faster 700W charger (which itself is worth Rs 20,000).
With the prices of the Ola S1 range being revised as recently as yesterday and Matter also hiking the prices of its Aera e-bike just a few days ago, prices for the rest of the EV offerings will soon be revised as well. Watch this space for all the latest updates.
Azaman Chothia
Vishal Venugopal
