The FAME II scheme (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) recently received a critical revision.
The subsidy allocation for electric 2-wheelers was increased from Rs 10,000 per kWh to Rs 15,000 per kWh, a jump of 50%.
This increase in incentives for electric motorcycles and scooters has resulted in a substantial decrease in their respective retail prices.
Several automakers in India who sell electric 2-wheelers have announced massive price cuts for their range of vehicles.
These include Ather, Ampere, Okinawa, Hero Electric, Revolt as well as TVS.
Here is a detailed description of their respective price cuts.
FAME II revisions: Ather drops prices by up to Rs 14,500
Because of the increase in incentives, Ather Energy has dropped the prices of its electric 2-wheelers by up to Rs 14,500.
| Before Revision | After Revision | Difference | |
| 450 Plus | Rs 1,27,916 | Rs 1,13,416 | Rs 14,500 |
| 450 X | Rs 1,46,926 | Rs 1,32,426 | Rs 14,500 |
The 450 Plus now retails at Rs 1,13,416 in New Delhi. Earlier, it used to cost 1,27,916.
Similarly, the 450X now has an ex-showroom price of Rs 1,32,426 in New Delhi. A substantial drop from its previous retail price of Rs 1,42,926.
Ather has reduced the prices of 450X and 450 Plus in other states as well.
FAME II Revisions: Ampere Electric revises prices by up to Rs 9,000
Ampere Electric, the electric mobility division of Greaves Cotton, has reduced the prices of its electric two-wheelers by up to Rs 9,000.
| Before Revision | After Revision | Difference | |
| Zeal | Rs 68,990 | Rs 59,990 | Rs 9,000 |
| Magnus Pro | Rs 74,990 | Rs 65,990 | Rs 9,000 |
It’s Zeal electric scooter used to cost Rs 68,990 before the recent revisions. Now, however, its prices stand at Rs 59,990.
Ampere’s Magnus Pro now has an ex-showroom price of Rs 65,990. It earlier used to retail at Rs 74,990.
FAME II revisions: Okinawa drops prices by up to Rs 17,900
An increase in subsidies has led Okinawa to reduce electric 2-wheeler’s prices between Rs 7,200 to Rs 17,900.
| Before Revision | After Revision | Difference | |
| iPraise+ | Rs 1,17,600 | Rs 99,708 | Rs 17,892 |
| Praise Pro | Rs 84,795 | Rs 76,848 | Rs 7,947 |
| Ridge | Rs 69,000 | Rs 61,791 | Rs 7,209 |
Okinawa iPraise+ now costs Rs 99,708, in comparison to its earlier retail price of Rs 1,27,600.
Similarly, the Praise Pro now retails at Rs 76,848, as opposed to Rs 84,795.
While the Okinawa Ridge now costs Rs 61,791. Before the increase in subsidy, its price was Rs 69,000.
FAME II Revisions: Revolt drops prices by up to Rs 28,200
Revolt currently retails two electric motorcycles in India. These are, namely, RV300 and RV400.
The automaker has reduced the price of the RV400 by up to Rs 28,201.
| Before Revision | After Revision | Difference | |
| RV400 (New Delhi) | Rs 1,19,000 | Rs 90,799 | Rs 28,201 |
| RV400 (Other States) | Rs 1,19,000 | Rs 1,06,999 | Rs 12,001 |
Before the recent revisions, the electric motorcycle used to retail at Rs 1,19,000.
Now, the ex-showroom price of the RV400 is Rs 90,799 in New Delhi. While in the other states, it is Rs 1,06,999.
Revolt is yet to announce the revised prices of the RV300.
FAME II Revisions: TVS revises prices by up to Rs 11,250
TVS Motor Company currently retails the iQube electric scooter in our country.
The Chennai based 2-wheeler manufacturer has reduced the prices of this electric scooter by up to Rs 11,250.
| Before Revision | After Revision | Difference | |
| iQube (New Delhi) | Rs 1,12,027 | Rs 1,00,777 | Rs 11,250 |
| iQube (Bangalore) | Rs 1,21,756 | Rs 1,10,506 | Rs 11,250 |
In New Delhi, the iQube used to cost Rs 1,12,027. Now it retails at Rs 1,00,777.
Similarly, in Bangalore, iQube used to cost Rs 1,21,756. While it now has a retail price of Rs 1,10,506.
FAME II Revisions: Hero Electric drops prices by up to Rs 15,600
Hero Electric has also announced a price cut on its Optima HX of up to Rs 15,600.
| Before Revision | After Revision | Difference | |
| Optima HX (Single Battery) | Rs 61,640 | Rs 53,600 | Rs 8,040 |
| Optima HX (Dual Battery) | Rs 74,660 | Rs 58,980 | Rs 15,680 |
The single battery version of this electric scooter now retails at Rs 53,600 in comparison to Rs 61,640.
On the other hand, the dual battery version of this scooter now has a retail price of Rs 58,980. It previously used to retail at Rs 74,660.