This price hike has come into effect due to the new EMPS which brings the maximum benefit down to Rs 10,000 per vehicle.
The new EMPS (Electric Mobility Promotion Scheme) has come into effect from April 1 and nearly all the Indian electric two-wheeler OEMs have revised the prices of their products. Here’s the detailed break-up of the three largest players.
| Price comparison | |||
|---|---|---|---|
| Old price | New price | Difference | |
| Ather 450S | Rs 1.10 lakh | Rs 1.26 lakh | Rs 16,000 |
| Ather 450X 2.9kWh | Rs 1.38 lakh | Rs 1.41 lakh | Rs 3,000 |
| Ather 450X 3.7kWh | Rs 1.45 lakh | Rs 1.55 lakh | Rs 10,000 |
| Bajaj Chetak Urbane | Rs 1.15 lakh | Rs 1.23 lakh | Rs 8,000 |
| Bajaj Chetak Premium | Rs 1.35 lakh | Rs 1.47 lakh | Rs 12,000 |
| TVS iQube | Rs 1.34 lakh | Rs 1.37 lakh | Rs 3,000 |
| TVS iQube S | NA | Rs 1.46 lakh | NA |
| Vida V1 Plus | Rs 1.15 lakh | Rs 1.20 lakh | Rs 5,000 |
| Vida V1 Pro | Rs 1.46 lakh | Rs 1.50 lakh | Rs 4,000 |
Ather’s sporty 450 range has seen an upward price revision of up to Rs 16,000 and interestingly, it’s the most affordable 450S that sees the biggest price hike. The 2.9kWh variant of the 450X sees a small Rs 3,000 bump up in price while the range-topping 450X 3.7kWh sees a Rs 10,000 price hike. The recently launched Rizta is the most affordable model in the startup’s lineup and to read more about that, tap here.
Bajaj’s Chetak lineup has seen a price revision to the tune of Rs 12,000. The Urbane costs Rs 8,000 more than it did previously while the Premium costs Rs 12,000 more. The popular TVS iQube lineup has seen only a nominal bump up in price with the base variant costing Rs 3,000. We’ve reached out to TVS for the earlier price of the iQube S and we’ll update this story when they get back to us. Hero’s EV subsidiary, Vida, has also revised the prices of both its offerings the V1 Plus and V1 Pro by Rs 5,000 and Rs 4,000, respectively.
Interestingly, Ola hasn’t hiked the prices of any of its S1 range of electric scooters and the company has extended the current prices till April 15. The startup is going to go public in the coming months and this could be one of the factors that is playing a part in Ola’s decision to postpone its price revision strategy. When Ola does finally revise the prices of its S1 lineup, we’ll update this story.