KEY HIGHLIGHTS
- New price surge due to FAME 2 subsidy end
- Ather S variant price surged by Rs 16,000
- TVS iQube base variant and Ather 450X 2.9kWh variant both saw a modest hike of Rs 3,000
- Ola maintains its prices without any changes
After the FAME 2 Subsidy came to an end, manufacturers such as TVS, Vida, Bajaj, and Ather began raising the prices of their products. However, there are still manufacturers like Ola who haven't adjusted their model prices yet. Let's delve into the details of these price hikes below. Meanwhile, join our 91Wheels WhatsApp Group for all the latest automotive updates.
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TVS, Ather, Vida And Bajaj: Prices Surge By Up To Rs 16,000
| Model | Old Price (Rs) | Price Hiked | New Price (Rs) |
|---|---|---|---|
| Ather 450S | 1.10 lakh | 16,000 | 1.26 lakh |
| Ather 450X 2.9kWh | 1.38 lakh | 3,000 | 1.41 lakh |
| Ather 450X 3.7kWh | 1.45 lakh | 10,000 | 1.55 lakh |
| Vida V1 Plus | 1.15 lakh | 5,000 | 1.20 lakh |
| Vida V1 Pro | 1.46 lakh | 4,000 | 1.50 lakh |
| TVS iQube | 1.34 lakh | 3,000 | 1.37 lakh |
| TVS iQube S | 1.40 lakh | 6,000 | 1.46 lakh |
| Bajaj Chetak Urbane | 1.15 lakh | 8,000 | 1.23 lakh |
| Bajaj Chetak Premium | 1.35 lakh | 12,000 | 1.47 lakh |
The prices of several popular electric scooter models have gone up recently. The Ather S model saw the biggest increase, jumping by Rs 16,000. Following closely are the Ather 450X 3.7kWh and the Bajaj Chetak Premium, which became pricier by Rs 12,000 and Rs 10,000, respectively. The Bajaj Chetak Urbane also saw a bump of Rs 8,000. Other models from these companies have also seen hikes, though not as significant. The smallest increase was observed in the TVS iQube base variant and the Ather 450X 2.9kWh variant, both seeing a hike of around Rs 3,000.
It's important to note that prices can vary depending on factors like location, colour, and variant. Additionally, some states, like Delhi, still offer state govt. subsidies on electric two-wheelers, which means prices may be lower there compared to other states.
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Ola holds Off On Price Hikes Until April 15
| Model | Discount Price |
| Ola S1 Pro | Rs 1.30 Lakh |
| Ola S1 Air | Rs 1.5 Lakh |
| S1X + | Rs 85,000 |
| S1X (4kWh) | Rs 1.10 Lakh |
| S1X (3kWh) | Rs 90,000 |
| S1X (2kWh) | Rs 80,000 |
As for manufacturers who haven't raised their prices yet, Ola is one of them. Back in February, Ola lowered the prices of its models including S1 Pro, S1 Air, and S1X. Initially, this reduction was supposed to last until the end of February, but then it got extended until March. Recently, they've pushed this deadline further to April 15th. There's a growing expectation that once this grace period ends, Ola might follow suit and adjust their prices like other manufacturers have done.
Verdict
While certain manufacturers have swiftly raised prices, others are taking their time. Nevertheless, the price hike is undoubtedly causing some dissatisfaction among customers unless it falls within an acceptable range.
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