Electric Two-Wheelers Price List March 2024: Ather 450X, Ola S1 Pro, TVS iQube And More

The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME 2) scheme for electric two-wheelers may end on March 31, 2024. If it does, then the prices of electric scooters and bikes in the country are about to go up by 25 percent from April onwards. 

As such, we have compiled a price list of electric scooters and bikes containing their prices with and without the FAME 2 subsidies to provide you a better idea of what the EV prices could look like in a month’s time:

The Federation of Indian Chambers of Commerce and Industry (FICCI) supported the proposal for a five-year continuation of the FAME 2 scheme a few months ago. EV penetration in the Indian two-wheeler market is about 5 percent and FAME 2 subsidies have helped substantially in making even that very 5 percent penetration possible. So it seems continuation of the FAME 2 scheme is crucial for achieving a higher percentage of penetration in the next few years. 

One thing to note from the price list is that the Ather 450 Apex sticker price doesn’t contain FAME 2 subsidy details because Ather Energy did not apply for FAME 2 subsidies for this special edition model.

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In other news, Ola Electric has extended the discount offers on the Ola S1 Pro, S1 Air and S1 X+ till the end of March 2024. Also, a new variant of the S1 X, called the Ola S1 X (4kWh) with a larger battery pack was launched last month. Ather Energy is gearing up to launch a new family scooter, called the Ather Rizta, on April 6. It gets a boxy design language and a large single-piece seat, matching the EV maker’s family-friendly approach with this scooter.