A few days ago Okinawa sent out a press release stating that it had become the first electric two-wheeler company to get the FAME II approval. The release also said that thanks to the approval, customers would get a subsidy of Rs 17,000-26,000 depending on the model. However, its scooters already fell under the subsidy offered by FAME I which is why according to dealers, their prices remain same, and have actually risen, in the case of some models.
Okinawa’s most affordable lithium-ion model, the Ridge+, now gets a subsidy of Rs 17,000 instead of Rs 22,000 it previously enjoyed. This has resulted in the electric scooter’s price rising by around Rs 4,200 from Rs 80,300 to Rs 84,500 (on-road, Mumbai). The ex-showroom prices have also gone up by Rs 4,000, from around Rs 69,000 to about 73,000.
According to dealers, the price for the Okinawa i-Praise remains unchanged, even after the change in the amount of subsidy. The electric scooter continues to be priced at Rs 1.26 lakh. The cost for the larger disc variant also remains the same at Rs 1.28 lakh (on-road, Mumbai).
Dealers also told us that prices for the Okinawa’s lead-acid versions have also gone up by around Rs 9,500 since September 2018 because they no longer enjoy the subsidy they did. The revised on-road Mumbai prices are Rs 61,000 for lead-acid Ridge and Rs 85,000 for the lead-acid Praise.
Also see:
Ather 450 price reduced thanks to FAME II
from Autocar India - News http://bit.ly/2WzAtzN
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