The Ministry of Heavy Industries has modified the FAME II incentive program, which will be going live from the 1st of June 2023. The new incentive has been revised to Rs. 10000/kWh or 15% of ex-factory price, whichever is lower.
This means, we anticipate the subsidy going down for the Ather 450X by as much as Rs 32,500, with on road prices going up.
What does this mean for you? Well, if you, your friends or family have had an eye on the Ather 450X then there’s no better time than now to make it yours!
Head to the nearest Experience Center to lock in the current prices ASAP!
Here’s an article with more information on this: FAME-II subsidy on EVs cut to Rs 10,000/KWh, max 15% of ex-factory price