Hero MotoCorp Ltd.-backed Ather Energy on Wednesday said its electric scooter Ather 450 has received regulatory compliance to qualify for subsidy under FAME II scheme.
The model will now receive an increased subsidy of Rs 27,000 and will now be available at a reduced on-road price of Rs 1,23,230, Ather Energy said in a statement. Earlier, the electric scooter was available for Rs 1,28,230, inclusive of a subsidy of Rs 22,000 under FAME I.
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While Ather Energy has continued to accept orders for the electric scooter through April, the company said deliveries were put on hold so that the subsidy benefit could be passed on to buyers.
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"Consumers can expect their Ather 450s to start being delivered in the next couple of weeks, with the new on-road price of Rs 1,23,230," Ather Energy said.
Under the government's FAME II scheme to popularize electric and hybrid vehicles, up to 10 lakh electric two-wheelers powered by new advanced technology battery of 2 kWh are pegged to get subsidy of up to Rs 20,000. To avail the government subsidy, the maximum ex-factory price of an electric two-wheeler is up to Rs 1.5 lakh.
Ather Energy said Ather 450 and Ather Grid network of charging points will be available in Chennai in June and will be followed by more cities over the next one year.
Ather Energy will install 6,500 charging points across the country and will be operational in 30 cities by 2023.
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