Okinawa cuts price of electric scooter range by up to Rs 17,892


Team Udayavani, Jun 17, 2021, 10:17 AM IST

Image Source: Car&Bike

New Delhi: Electric two-wheeler firm Okinawa Autotech on Wednesday said it has reduced prices of its entire product portfolio, ranging between Rs 7,209 and Rs 17,892, in the wake of recent changes in the FAME II policy.

The company’s Praise+ electric scooter is now priced at Rs 99,708 against Rs 1,17,600 earlier. Similarly, Praise Pro is now tagged at Rs 76,848, a drop of Rs 7,947 from Rs 84,795 earlier.

Okinawa has also reduced the price of Ridge+ model to Rs 61,791 from Rs 69,000 earlier.

”Lowering the prices of electric scooters in the country will serve as a stepping stone and help persuade more riders to switch from a combustion-engine model to an electric one,” Okinawa Autotech Managing Director and Founder Jeetender Sharma said in a statement.

The company’s localisation strategy has allowed it to set the bar of high-quality products that are not only transforming the perception of electric scooters in the customer minds, but achieving this without burning a hole in customer pockets, he added.

”With our plans to achieve 100 per cent localisation by the end of this fiscal year, we are certain to change the face of the two-wheeler electric vehicle industry in the country,” Sharma noted.

Okinawa said it has already sold around 90,000 electric scooters as of May this year. The company also informed that it is in the process of investing Rs 150 crore to set up a new manufacturing facility in Rajasthan near the company’s existing plant. Last week, the government made a partial modification in Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II), including increasing the demand incentive for electric two-wheelers to Rs 15,000 per KWh from the earlier uniform subsidy of Rs 10,000 per KWh for all EVs, including plug in hybrids and strong hybrids except buses.

In the latest modification, the department of heavy industries also capped incentives for electric two-wheelers at 40 per cent of the cost of vehicles, up from 20 per cent earlier. On Tuesday, TVS Motor Company announced a reduction in the price of its iQube Electric scooter by Rs 11,250 in line with revision in subsidy under the FAME II Scheme.

The model is now priced at Rs 1,00,777 in Delhi compared to Rs 1,12,027 earlier.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

No proposal for setting up 8th Pay Commission: Govt

Netaji’s kin detained, 4 arrested ahead of Varanasi event

Two Bangladeshi nationals arrested for propagating ‘Jihad’ in India: NIA

Jasprit Bumrah ruled out of Asia Cup with back injury

Body of BJP leader found hanging

7-year-old girl feared drowned after falling from footbridge, rescue ops on

40 and going strong: Sharath wins TT singles gold after 16 years


Related Articles More

Tata Motors inks pact to acquire Ford India’s Sanand plant for Rs 726 crore

Auto industry expects car sales on fast lane in festive season

US agency probes Tesla crashes that killed 2 motorcyclists

Honda Motorcycle & Scooter India introduces the new limited edition

Kia India to offer six airbags as standard fitment in Seltos

MUST WATCH

Tradition followed on full moon in aati

Water flow at Barehalla Check Dam near Shivamogga

Chikkamagaluru Byrati basavaraj angery against officer

Chikkamagaluru Municipal Council has followed Yogi’s model to prevent illegal cow slaughter

Electric lines passing near house at Dotihala


Latest Additions

No proposal for setting up 8th Pay Commission: Govt

Netaji’s kin detained, 4 arrested ahead of Varanasi event

UGC-NET phase 2 postponed, to be conducted between Sept 20 and 30

Har Ghar Tiranga: Aralagodu Gram Panchayat receives faulty tricolour

Two Bangladeshi nationals arrested for propagating ‘Jihad’ in India: NIA

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.