The government of India has reduced the GST rate on electric vehicles from 12% to 5%. As a result, the prices of Ather electric scooter have dropped. The price of the Ather 450 has reduced by Rs. 9,000.
In Bangalore, the Ather 340 and 450 are priced at Rs. 1,02,460 and Rs. 1,13,715 (on-road) respectively. This includes FAME II subsidy of Rs. 23,959 and Rs. 26,732 respectively.
After the reduction in GST rate, in Chennai, the Ather 340 and 450 cost Rs. 1,10,443 and Rs. 1,22,224 (on-road) respectively. These prices include the aforementioned FAME II subsidy.
At the moment, Ather e-scooters are only available in Bangalore and Chennai. The company plans to introduced these in Delhi NCR, Hyderabad, Mumbai, Pune and 30 other cities by 2023.
Source: Read Full Article