From June 1, 2023, electric two-wheelers will only be eligible for a subsidy of Rs 10,000 per kWh of battery capacity, as opposed to the Rs 15,000 per kWh offered at present.
With the original allocation for two-wheelers in the FAME-II scheme now exhausted, incentives will be slashed by as much as 62 per cent from June 2023 onwards.
Following government intervention, TVS, along with other electric two-wheeler firms, has now included the price of the offboard charger into the scooter’s ex-showroom cost.
Including the total cost of reimbursing customers who paid an additional amount for the charger of their e-scooter, Ather is set to shell out around Rs 140 crore.