Electric two-wheelers just became a lot more affordable. With the official confirmation of the FAME III subsidy, the Indian government is taking a major step toward cleaner, sustainable transportation. If you’ve been waiting for the right moment to buy an e-scooter, now might be the perfect time.
What is the FAME III Subsidy?
The FAME (Faster Adoption and Manufacturing of Electric Vehicles) initiative has been a key driver in promoting EVs in India. After the successful rollout of FAME I and FAME II, the government has now launched FAME III to further push the adoption of electric vehicles, especially EV two-wheelers.
Key objectives of FAME III:
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Promote widespread adoption of electric vehicles
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Provide direct subsidies for e-scooters and electric bikes
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Encourage local production of EV components and batteries
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Expand EV charging infrastructure across the country
Major Price Cuts on E-Scooters: What to Expect
Thanks to FAME III, manufacturers are now expected to pass on the subsidy directly to buyers. This will lead to major price cuts on e-scooters.
Here’s a quick look at expected price reductions:
| Brand | Expected Price Drop (INR) | Final Price Range After Subsidy |
|---|---|---|
| Ola Electric | ₹15,000 – ₹20,000 | ₹85,000 – ₹1.15 Lakh |
| Ather Energy | ₹18,000 – ₹22,000 | ₹1.05 Lakh – ₹1.30 Lakh |
| TVS iQube | ₹12,000 – ₹16,000 | ₹95,000 – ₹1.20 Lakh |
| Bajaj Chetak | ₹15,000 – ₹20,000 | ₹1.10 Lakh – ₹1.35 Lakh |
These price reductions are expected to make e-scooters more appealing to budget-conscious buyers looking for sustainable alternatives.
Why FAME III is a Game-Changer for the EV Two-Wheeler Market
The FAME III subsidy goes beyond just slashing prices. It supports a more ambitious plan to shift India towards electric mobility at scale.
Key benefits of the FAME III initiative:
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Increased affordability for the middle-income segment
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Reduced pollution and noise in urban environments
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Stronger incentives for localized EV production
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Greater competition and innovation among EV makers
The focus on the EV two-wheeler subsidy shows the government’s commitment to transforming daily commuting with accessible, green alternatives.
Who Can Avail the FAME III Subsidy?
Almost anyone planning to buy an e-scooter in India is eligible to benefit from the FAME III subsidy, provided the model is listed under the scheme.
Eligibility criteria:
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Buyer must purchase an electric two-wheeler from an approved manufacturer
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The vehicle must meet government-defined performance standards
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Vehicle must be registered for either private or commercial use
FAQs
1. What is the EV two-wheeler subsidy under FAME III?
The EV two-wheeler subsidy under FAME III is a government-supported price reduction offered to consumers who purchase eligible e-scooters. It is designed to promote electric mobility across India.
2. When will FAME III subsidies be available?
The FAME III subsidy has been officially confirmed and is expected to be implemented in the upcoming financial year. Price reductions will become visible once manufacturers update their pricing structures.
3. Which e-scooter brands are covered under FAME III?
Leading brands such as Ola Electric, Ather, TVS, Hero Electric, and Bajaj are expected to be part of the FAME III program. Buyers should confirm whether the specific model they choose is FAME III approved.
4. How is FAME III different from FAME II?
FAME III places greater emphasis on affordability and infrastructure. It offers targeted EV two-wheeler subsidies, promotes domestic battery manufacturing, and expands EV charging facilities across India.
Final Thoughts
With the FAME III subsidy in place, buying an e-scooter has never been more affordable or practical. From significant price cuts to long-term environmental benefits, the scheme offers a compelling reason to go electric.
If you’re looking to make a smart investment in personal transport while supporting a greener future, this might be the best time to shift to an electric two-wheeler.
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