Q. Is there any price drop after Fame II Subsidies?

Currently, incentives for all-electric two-wheelers are capped at 40 percent of the cost of vehicles, up from 20 percent earlier. However, the only manufacturers to benefit from these subsidies are the ones competing in the premium segment, i.e. EVs that offer a minimum speed of 40kmph and a range of 80km per charge. This includes the Ather 450X, Ola Electric, Bajaj Chetak, TVS iQube, Revolt RV400, Ultraviolette F77, Okinawa Ridge Plus and the i-Praise range. Read more -OPINION: Will FAME 2 Subsidy Revisions Actually Make A Difference?.